It seems like hardly a day goes by that we don’t hear about yet another data breach that has compromised the personal and financial information of hundreds of thousands of people. It’s almost incentive enough for business owners to revert to a cash-only operation to avoid exposing themselves to the risk of fraud.
Achieving and maintaining PCI compliance is critical and mandatory for businesses that accept credit cards. Without it, merchants face a greater risk of experiencing security breaches that can have devastating consequences for its customers and for the business.
The terms “credit card” and “charge card” are often used interchangeably. In fact, although they are accepted the same way when presented at the point of sale, there are significant differences between them that card users should understand when applying for and using either.
When you are ready to accept credit cards for your business it makes sense to choose a full-service merchant account provider such as TransFirst® which offers over 19 years in the industry, with payment solutions for mobile, register, wireless and Internet-based processing.
A new study of data breach victims underscores just how critical it is for retailers to protect themselves and their customers from the scourge of identity theft. The Consumer Data Insecurity Report concludes that consumers want to feel safer when making purchases, including immediate notification when their personal and financial information has been compromised by a data breach.