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Why Is PCI Compliance Important For Every Merchant?


Importance of PCI Compliance – With the rapid growth in technology, there had been an emergence of so many unethical hacking tools. In the past, there had been hundreds of cases in big and small companies, where sensitive credit card details of millions of customers got stolen by fraudulent hackers and several dollars were transacted from the bank accounts.

WHAT IS PCI COMPLIANCE?

Payment Card Industry (PCI) compliance refers to the technical and optional standards that businesses must follow to ensure that credit card data provided by the cardholders is secure.


HOW DOES PCI COMPLIANCE WORK? PCI DSS keeps itself updated with new norms to keep new threats at bay. It’s guidelines are implemented in both, the administration and technological part of the merchant business. Hence, you will have to keep your website updated regularly and make sure the payment deals are in accordance with PCI compliance.

The companies or merchants are divided on the basis of a number of credit/debit card transactions, which they have to deal with periodically. On this basis, merchants are divided into 4 different levels. Level 1 is for the merchants who process the highest number of transactions every year.


IMPORTANCE OF PCI COMPLIANCE Now that you know the details of PCI Compliance let’s get to the Importance of PCI Compliance.

It Boosts Customer Confidence In a survey, it was reported that twothirds of the US adults would not return to a business if their personal data has been stolen through companies’ website. It infers that failing to meet security requirements discourages the loyal customers from returning to you. Data breaches due to companies negligence spoil its reputation, which leads to the loss of productivity and a decrease in revenue.


PROTECTS YOUR CUSTOMERS When your customers visit your site and they buy your products or services through credit/debit card,they have to be sure that they are not inviting some dire consequences because of you.

CONCLUSION – MERCHANT STRONGHOLD While conducting the business, it’s the duty of a merchant to keep the data safe of both the customer and the business itself.

For that, you can get to Merchant Stronghold. We provide various services for a merchant in need of expert guidance to manage his business more efficiently. Contact us now using our toll-free number+1 (888) 622 – 6875 or try 24/7 available email support.


CINTACT US US Head Office 10300 49th Street N Suite 427Clearwater, Florida 33762   UK Head Office 160 City Road Kemp HouseLondon EC1V 2NX    +1 (888) 622 - 6875   +1 (844) 465 - 4723    info@merchantstronghold.com www.merchantstronghold.com

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