Credit Card fraud remains big business, unfortunately.
It is important for companies and employees to understand and prevent damaging situations from occurring, as the repercussions of a data breach can spell disaster for the future of companies.
The PCI DSS standard was created with this in mind.
The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that ALL companies that accept, process, store or transmit credit card information maintain a secure environment.
Many companies still accept Credit Card payments via the phone, POS and other non-secured sources. Company employees are often privy to sensitive card data, including Card numbers, CVV codes and expiration dates. This can easily lead to fraudulent situations, which can be avoided with modern, secure solutions.
SimplePin’s team of Payment experts created software which makes it unnecessary for anyone other than the Cardholder to enter their Card details when making payments.
When customers do enter their details, it is via their own mobile phone, tablet and/or laptop; all via secured connections directly to SimplePin. This added layer of built in security protects SimplePin’s customers and their clients from potentially damaging security breaches and fraud.
SimplePin also offers a solution for Recurring invoices. Customers need only enter their Card details once, via SimplePin’s secured Payment form and the Card details are encrypted and tokenized, to be reused as many times as required.
By using SimplePin’s advanced Payment platform, Credit and Debit Card payments are processed instantly, securely and in accordance with PCI DSS rules and regulations.
Companies no longer need to worry about Credit Card Fraud, Card theft, which means resources for costly security measures can be reallocated.
If you would like to find out more about SimplePin’s advanced invoicing and billing solution and how it can help your company prevent Credit Card and Cheque Fraud, simply get in touch with us today. We are here to help.