Securing customer payment information is of the utmost importance to your business. Payments should still be easy and fast, even when using secure online shopping.

It should instead be intuitive, frictionless, and efficient. Here’s what you need to consider, without compromising security.

Your online security approach should address three essential parts of secure payments.

Fraud
Cybersecurity
Compliance with PCI DSS
Here’s a breakdown of each of these.

Fraud
Every year, fraudsters attack debit and credit cards.

Credit card companies may limit or eliminate your capacity to accept payments. Customers often lose faith in organizations implicated in fraudulent activities.

Cybersecurity

Your business is vulnerable to fraudsters looking for weaknesses. There are easy ways for hackers to gain access to your network, allowing them to steal passwords, credit card information, and other data.

Providers of payment processing services should be equipped with advanced security systems.

Compliance with PCI DSS
To safeguard consumers …