Data Security Tips and Your Merchant Credit Card Processing Needs

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One of the most unsettling feelings consumers and business owners face is a data security breach that should be kept secure. Recently, prominent and trusted company, Netflix was hit with an email phishing scam that requested private credentials like billing information from loyal and unsuspecting customers. Educating your customers in advance about potential scams is helpful for both you and your customers. Digital security can be a huge concern for companies that require merchant credit card processing to accept payments – which is why we’ve compiled a list of data security tips for our merchants to follow.

According to Bloomberg Technology, 2016 was a record year for data security breaches among companies in the U.S. Ransomware attacks are another type of unfortunate data breaches on the rise for even the most reputable businesses and organizations. Hackers will install malicious software into a business’s system to steal data and will not release the private data unless the business pays the hackers back a ridiculous amount of money.

Payline is a merchant credit card processing company that is dependable and the best choice to prevent fraud within your business. Keeping your customer data protected is necessary for your business so that your customers trust your business and remain loyal. One of the value-added services the Payline offers is Customer Vault. Check out these three data security tips on how our Customer Vault can protect you and your online customers’ data.

1. Build Trust Between Your Business and Your Customers

When you have an online business that requires online subscriptions, storing cardholder information is extremely important. The customer vault uses tokenization to replace private credit with unique identification symbols that retain all the essential information about the data without compromising its security. This will reassure your customers that their information is safe.

2. Secure Transactions Through an SSL

An SSL (secure sockets layer) on your business’s website means that your customer’s private payment data is replaced with tokens making it extremely difficult for hackers to gain access to this information.

3. Initiate Transactions Remotely Without Storing Secure Data

This gives peace of mind to you and your online customers. You can bill them securely and safely while their sensitive payment data is not stored in an irresponsible manner.

Experience Payments Differently

Prevent data security breaches at your business and work with an honest merchant credit card processing company like Payline for your payment needs.

This piece was written by Charne Graham, content specialist for Payline.

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