Are you currently working towards level 2 PCI DSS compliance or below? Here’s the reasons why you should be level 1, no matter the size of your business.
PCI compliance should be at the heart of every business’ operations if they are going to be handling sensitive data from customers. Understanding the different PCI DSS levels of compliance can be tricky, and knowing which level you need to pay attention to most can be even more confusing.
PCI DSS level 1 compliance covers businesses of all sizes, from merchants that process from 20,000 transactions per year, to over 6 million transactions per year.
Read on to discover more about why compliance matters, what PCI DSS Level 1 is, and why your business, no matter what size it is, shouldn’t be settling for lower merchant levels.
PCI DSS Level 1 is the set of standards that make sure that you’re storing, handling and transmitting financial data in a way that eliminates the risk of data breaches.
Level one is based on the annual number of transactions a merchant makes every year:
Although your merchant may be processing less than 6 million transactions per year, striving to level 2 or below could be selling your business short.
If you are striving for growth within your business, without opening yourself up to risk, ensuring that your business is compliant to a merchant level 1 will alleviate the stress of having to monitor your transaction limit.
A common misunderstanding about becoming PCI DSS Level 1 compliant is that it requires too much unnecessary admin. There are a number of guidelines [NC1] you must follow in order to become fully PCI DSS compliant, and this can either be managed in house or through using outsourced software.
cardassure is a PCI DSS Level 1 compliant, cloud-based, phone payment solution, designed to be affordable for SMEs. Integrating sophisticated technology into the way you manage transactions over the phone will ultimately give you more time to focus on other aspects of your business.
With the worries of PCI compliance for your phone transactions being handled by cardassure, you’re able to focus on the things that matter to your business’ bottom line - growth.
Not only does cardassure manage your compliance, but it also provides a secure and user friendly experience for your customers. Allowing your customers to speak to a human being, without having to verbally exchange any sensitive data will benefit your brand in the way it becomes recognised as a trustworthy and personable merchant.
Ultimately, this will have a positive knock-on effect on your customer retention statistics, encouraging customers to continue making purchases with your business over the phone.
Would you like to learn more about cardassure? Contact us today, and discover the safest way to manage your phone payments…
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