Accepting credit cards as a small business is a standard part of an organization’s growth; but still, it needs to be done right. One area that can potentially cause concern is the safety of your customers’ credit card information. When your business is part of the chain of credit card processing, you have certain responsibilities to ensure that that information isn’t subject to undue risk of fraud.
Credit card fraud, however, is not a static thing. Especially as technology follows the twists and turns of advancement, the way people do fraud changes. EMV security gives us a perfect example. One of the unintentional consequences of the added security that EMV chips provide is that the fraudsters are shifting their efforts to the easiest places for payoff, and that happens to be online, over-the-phone, and mail-based transactions where the chip doesn’t come into play. As you can expect, there are a lot of updates to the PCI standards for this type of transaction. Let’s take a look.
CNP (Card-not-present) transactions generate a lot of logistical issues to catching fraud and ensuring consumer safety. Recently introduced is a new protocol for over-the-phone transactions, version 2.2 of its 3-d security standard. Some of the areas that are affected are voice over Internet protocol (VoIP), interactive voice response technology, and cloud infrastructure.
The periodic updates to these security standards that make up PCI compliance can be difficult to keep track of. That’s why it’s so important to be connected to payment processing that can make it easier for you, and Authorize.Net does just that. You get free help with PCI compliance, and all the assurance that comes with it. Learn more about what being PCI compliant means here.
Moolah, for its part wants to help small businesses succeed. When you sign up with Moolah, you gain access to all the benefits that come with using Authorize.Net, while still only having to pay the standard Moolah fees. We waive the fees that normally come with using Authorize.Net, meaning you get the benefits of Moolah’s great rates, PLUS all the benefits of one of the industry’s leading payment gateways, for free!
Do you process orders over the phone in your business? If you use phone to accept credit cards at your small business, it’s essential to keep things secure, and Moolah helps you get the help you need by partnering with the best in the business.