At this point, it's almost inevitable that you're working with clients that accept payments through card transactions. In fact, it's likely that most or ALL of your clients do. Whether its through a card payment device, over the phone or on a mobile app, when transactions are made with a payment card, highly confidential information is processed. Because of this, merchants are responsible for complying with the standards set by the PCI Security Standards Council. Since most of the standards have to do with systems, networks and security protocols, your clients may turn to you to make sure that everything checks out. Even if you have run an assessment, remediated any issues and provided the necessary proof, your client isn't off the hook. PCI compliance isn't a one-time check in. In order to make sure that your clients remain compliant with the standards set by the PCI Security Standards Council, you'll want them to fully understand the risks that come along with not running regular PCI compliance assessments.
Recently,16 global companies (including some in the U.K.) were exposed for not encrypting payment card data through their mobile apps. The companies were named in a blog by Wandera and have scrambled to correct the issues. These companies will likely face hefty fines for not being PCI compliant.
Before you instruct your clients to understand PCI compliance inside out, don't you think you should know its intricacies?
Take our quick quiz and see just how much you know about PCI compliance. Once you've aced it, pass it along to your clients and test their knowledge by using the link below!
As you can see, there are a lot of risks that come along with accepting payment cards. However, if you run regular assessments on your clients' systems and make sure that they are complying with the regulations set in place by the PCI Security Standards Council, they'll be swiping cards with a smile.
By Lily Teplow
By Lily Teplow
By Brian Downey