Payment Card Industry Data Security Standard, or PCI DSS, is the regulatory commission that ensures that companies are keeping to various fraud prevention and security measures when handling customer’s sensitive credit and debit card information.
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We offer the complete solution for online and over the phone trading. We help enable you to obtain a merchant ID and provide you with our fully PCI Compliant payment gateway.
Becoming PCI DSS compliant is necessary for any business, and rightly so; however implementation is an expensive time consuming, and ever evolving process that often involves invasive processes, interrogative procedures, system upgrades and tedious checkups. For most businesses, PCI DSS Compliance problems range from operational difficulties of clean room environments, to the technical difficulties of data encryption, deletion and storage management.
How can InverOak help my company become PCI DSS compliant?
At InverOak we understand that becoming PCI DSS Compliant can be a headache, and often feels like just another hassle you don’t have time for. With InverOak you can remove the stress caused by PCI DSS requirements by letting us take care of it for you. There are a number of benefits to being PCI DSS compliant:
- Decreased risk of security breachesPCI compliance isn’t just about satisfying a list of guidelines — it’s a very real and proven way to protect you and your customers’ data from outside attacks. In fact, a recent Verizon study found that compliant businesses are 50% more likely to successfully withstand a breach.
- Peace of mind for you and your clientsWith breaches much less likely to happen, you’ll have one less thing to worry about in the daily course of running your business. You’ll appreciate this peace of mind, and over time, your customers will, too (see the next benefit below).
- Boost in customer confidenceYour customers may not currently understand every detail about what it means to be compliant, but their awareness about the issue is growing. Every day, more and more of your customers are growing savvy about how their data is protected when they use their credit cards. It’s only a matter of time before customers see PCI compliance as a sign that your business follows best practices. That feeling of security will directly increase buyers’ confidence, and make them more likely to choose you over a non-compliant competitor.
- Avoid costly finesPCI compliance dramatically lowers your likelihood of getting breached, but it doesn’t completely eliminate the possibility. If you are breached, fines can grow as high as £500,000 per incident. Companies who are PCI compliant significantly reduce their risk of a breach, and therefore, their likelihood of receiving a fine. If a company is breached, regardless of their state of compliance, they must immediately inform customers and their processor of the data breach in writing. The processor or bank will initiate an audit on that company to see if the merchant was in fact PCI DSS compliant at the time of the breach..
- Relatively quick & easyThis is one benefit that comes from what PCI compliance doesn’t do: with the right partner, you won’t have to make any substantial changes or disruptions to your business while attaining compliance. The process may seem complicated (and in many ways, it is), but a good compliance partner will shield you from the complexities and make it seem simple.
With InverOak’s hosted PCI DSS Solutions you can carry on your business without having to take on the day to day element of becoming PCI DSS compliant.
Our solutions, such as our agent assisted automation and secure payment processing can be easily integrated into any business model, leaving you with the most secure and up to date software and systems that will quickly help your company become fully compliant and leave your customers feeling secure and confident to use your services time and time again.
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