It’s all about the plastic.
Even though we have more alternative electronic payment options than ever before, Americans prefer the credit card over any other payment mechanism. This means it’s relatively simple for businesses to charge their customers online and get paid using one of a variety of payment gateways — all they have to do is move information from one place to another to collect their revenue, and the internet makes this a simple task.
But this convenience simultaneously presents an obstacle: that data needs to be moved and stored safely. It should only be accessible by authorized entities, and should be kept far out of reach from malicious third parties. For enabling an entirely new era of transacting, online card payments also come with their own set of liabilities that can leave customer financial data vulnerable and a business’s reputation on the line.
This means your company, whether large or small, needs to be on the forefront of PCI compliance. A PCI compliance audit is an essential tool for helping you get there.