Did your company recently shift its focus from a physical outlet to an online store due to the COVID-19 pandemic? If so, you need to make sure that your current e-commerce payment systems are complying with PCI. Read on to learn about the tips we have prepared to help you maintain PCI compliance with Acumatica.
What is PCI Compliance?
PCI compliance is the regulation involving the safeguarding of cardholder information. With more businesses moving to an online environment, many hackers are taking advantage of the opportunity and are constantly looking for cyber loopholes and weaknesses in unsuspecting businesses. Cyberattacks have been on the rise and reports of phishing and data breaches have occurred more frequently.
According to the PCI Security Standards Council, 29% of customers would not patronize a business failing to prevent data violation. As such, it is important for businesses to maintain PCI compliance as customers tend to lose trust in businesses that are weak in cybersecurity and have failed to prevent cyberattacks.
Use a Secure Payment System
It is crucial for businesses to record important customer information such as mobile numbers or card numbers directly in a secure payment system. Using the automated Acumatica integrated payments system, your business can protect customer data and maintain PCI compliance.
Having strong passwords that are regularly changed helps to keep a company’s information safe. The PCI Security Standards Council recommends that a password is suitable to be used if it contains at least seven characters, has a combination of upper and lower cases, numbers, and symbols. It is also perfectly fine to use phrases as well in coming up with a password. Having a phrase as password can be helpful to those who need to remember the password. If your company uses different passwords on multiple platforms, it is wise to use a password manager to securely store the passwords.
Work with PCI Compliant Credit Card Payment Providers
It is important for businesses to take note that their credit card payment providers must comply with the PCI DSS requirements. Acumatica provides an additional layer of protection to maintain PCI compliance. It does so but making sure that credit card information is not transmitted or stored between businesses and the Acumatica serves. As such, credit card information is only keyed into the client browser and goes directly to the credit card payment provider. This means that your business can be fully PCI compliant.
If you are looking to switch to Acumatica integrated payments system to help your company maintain PCI compliance, Fourlane provides various Acumatica consultation services and training. When you work with Fourlane, our team of ERP experts will ensure a smooth transition to Acumatica for your business. Contact us today to request a free consultation, product demo, price quote, or let us know how we can help you.