Top Reasons to Become PCI Compliant

PCI DSS or Payment Card Industry Data Security Standard, as the name suggests is a standard or system which was created by five major credit card companies in order to secure debit and credit transactions. This standard gives permission to all merchants and companies to build software, hardware, and other necessary procedures to secure card transactions as well as the sensitive information of the transaction. But the question is how to be PCI compliant in the UK and what are its benefits. Let’s check out. 

How To Become PCI Complaint
Becoming a PCI complaint is not that easy. You have to solidify your documents, resources, and tools to meet all the rules of PCI DSS. You have to remove all the unnecessary data from your system and keep it completely clean regarding data. A single mistake on your system can prevent your business from becoming a PCI complaint in the UK. However, today there are many services also available that helps people in business to become PCI complaint with different toolkits. You can also hire those services to get help with the PCI complainant procedures effectively.   

Reasons to Become PCI Complaint

• PCI complaint proves that you are taking the information of your customers seriously, and they will feel confidence while doing a transaction with you and eventually your customer base will increase.
• It helps your business from getting brand damaged.
• PCI complaint protects you from expensive fines if your business should happen to be breached.
• It protects you from facing security damages.

Thus, every business should make sure that they are PCI compliant to avoid any problems later on.

How to Select the Right Credit Card Payment Gateway

With online business booming, it is a trend to see new ecommerce websites emerging each day which sell different kinds of products as well as services. Debit and credit card payments constitute the main way of making payments online. A right credit card payment gateway is crucial for the smooth functioning of the payment transaction and making life easier both for the business owner as well as the customer. While making the choice, few pointers should always be kept in mind:

Digital Security

This should be the first thing that you look into. In view of the various online frauds, you must double check and ensure that gateway works in an absolutely secured manner for both the customer as well as you. The highest level of protection and security is achieved if the gateway is PCI DSS compliant. You should not choose any company not having it. Other fraud prevention tools should also be looked into to ensure a strong fraud detection mechanism as well as strong data encryption.

Onboarding Timeline

This is the time taking by payment gateways to secure approvals for merchants to use their facilities from partner banks. It is not uncommon to hear this timeline stretched to 2-3 months which definitely proves detrimental to your business goals. It’s best to opt for gateways that do not exceed this timeline beyond a week at the most.

Other considerations to look into are ease of integration, mobile optimization, customer support and finally the pricing. A good payment system will imply better customer retention and better customer satisfaction.