• Register

Data Net Blog

Considering Payment Cards and Business Use of Them

Considering Payment Cards and Business Use of Them

People use all types of payment options. With more people moving away from cash as a payment option, businesses have to accept and process more payment card transactions. Depending on your business, it could put you in a very precarious position. Today, we will look at payment card statistics, and how the increase in payment card usage could end up be a devastating problem for the modern business.

Payment Cards
How many times a week do you use a payment card? On what percentage of your transactions would you say payment is rendered via card? Some places rely on them more than others. Countries in the European Union, for example, have a lower percentage of cash usage, while some less-developed parts of the world still rely almost exclusively on cash. In the parts of the world where more people utilize payment card technology, data privacy laws tend to be more specific and comprehensive.

Other digital payment options, such as digital wallets, still haven’t become a viable system insofar as retailers and other businesses don’t accept these types of payments. As a result, if you are not paying with cash, you are definitely paying with a card. In some parts of Europe, paying with cards is incentivized, while in the U.S. and most other places, where using cash is still the preferred method of payment for consumers, paying with cards is beginning to cost consumers less. Studies show that with costs associated with getting access to cash (even in places where people use it more) are higher than utilizing payment cards to pay for goods and services.

Data Loss and What It Means for Your Business
The more people that use payment cards to purchase goods and services, the more likely your business is apt to keep their personal financial information on record. This can be troublesome with the amount of hackers there are attempting to gain access to this information. You typically find that this is more prevalent for businesses that have e-commerce sites, but no matter what the justification is for keeping this information on record, businesses need to find a way to keep this data secure.

The problems for organizations that fail to do so are numerous. They can be as severe of a complete loss of consumer confidence, a dire situation for any business. Typically, however, they result in a number of smaller, more deliberate situations that eat away at your business’ profitability, rather than one major forest fire of one. The end result can still be as disastrous, however.

Payment Card Index Digital Security Standard
Much of the world hasn’t been as progressive as the EU on individual data security. In response, the card companies themselves have agreed to standardize their own mandate. The Payment Card Index Digital Security Standard, or what is typically called PCI compliance, is the strategy these financial institutions have come to. The requirements they expect every business that accepts payment cards to meet include:

  • Monitor and test network
  • Maintain security network and systems to ensure customer privacy
  • Protect cardholder data
  • Maintain system that manages and reduces vulnerabilities
  • Maintain strong access control
  • Maintain information security policy.

The requirement goes on to specifically explain how businesses should accomplish these feats. At Data Net, we can work with you to produce a secure and reliable network needed to process, or to store, your customer’s payment card information. Call us today at (760) 466-1200 for more information.

Tip of the Week: Embrace the Right Software for Yo...
The Key Facets to Managing Personally Identifiable...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Saturday, February 16, 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Tip of the Week Security Best Practices Technology Business Computing Network Security Productivity Privacy User Tips Tech Term Smartphones Cybersecurity Internet Malware Email Microsoft Efficiency Communications Android Cloud Hardware Data Innovation Software Google Communication Browser Mobile Device IT Support Collaboration VoIp Network Passwords Wi-Fi Ransomware Small Business Mobile Devices Windows 10 Hackers Managed IT services Backup Social Media Data recovery Applications Internet of Things Users Hosted Solutions Wireless IT Services Data Backup Business Cloud Computing Holiday Business Management Access Control Microsoft Office Information Blockchain Word Employer-Employee Relationship Managed IT Services Smartphone Marketing Networking Patch Management Saving Money Workplace Tips Outsourced IT Router Excel Bandwidth Wireless Charging Chrome Government Remote Computing G Suite Scam Data Breach Managed IT Service Virtual Assistant VPN BDR Virtualization Data Management Miscellaneous Remote Monitoring and Management Business Intelligence Data Protection Tech Terms Cost Management Medical IT Computers Facebook Gmail Virus How To Automation Computer Data Security Connectivity Mobility Physical Security Phishing Artificial Intelligence Save Money Password Apps Cortana Compliance Help Desk Laptop Backup and Disaster Recovery Maintenance Plug-In Conferencing Lead Generation Machine Learning Tactics Microsoft Office 365 BYOD E-Commerce disposal Streaming Media Storage Staff Troubleshooting eCommerce Security Cameras IT Management Mobile Security PowerPoint Processors Paperless Office Business Continuity Hard Drives Internet Explorer Proactive IT Office Apple Unified Communications Authentication Congratulations Analytics Wireless Internet Payment Server Management Value Downloads Dark Web Law Enforcement Telecommuting Digital Websites Bring Your Own Device Update Sales Online Shopping Botnet Wearables Operating System Sports Reporting User Tip Spyware Travel Office 365 Upgrade SSD Threat Content Filtering iPhone Telecommute RAM Authorization Gadgets WhatsApp Amazon Server Website instant Messaging Trends Error Education Safety Hybrid Cloud Outlook Tablet Settings Remote Monitoring Healthcare User Security Telephony News Certification Printing WannaCry Licensing Data loss Microsoft Teams Workers Big Data Technology Tips Comparison Vulnerabilities Database A.I. Live Streaming Edge Cables Profitability Retail Network Attached Storage Environment SaaS Tip of the week Business Technology Voice over IP Telephone System IT budget Twitter Paper Managed Service HIPAA Tech Support HP Spam Company Culture File Sharing Millennials Specifications Cybercrime Movies Touchscreen Dongle Voice over Internet Protocol Eliminating Downtime Knowledge Battery Remote Support Personal Information e-waste GDPR Managing Stress Cleaning Training Inventory Ink Hard Drive Alert Document Management Vulnerability Antivirus Thank You Regulation Analysis Quick Tips Disaster Recovery WiFi Cryptocurrency Printers

Latest News & Events

Please join us in congratulating Bill Vann on his promotion to Customer Success Manager....

Contact Us

Learn more about what Data Net can do for your business.

Call Us Today
Call us today
(760) 466-1200

5795 Kearny Villa Road
San Diego, California 92123