It does not matter if you are buying a coffee or a Solar PV system, one important factor that people often do not think about is PCI compliance.
We cannot stress enough how important it is, you need to consider if the company you are using is PCI compliant – What is PCI compliance I hear you ask?
Well, from the moment you hand over your card details to a company/supplier you are a target for potential hackers. It is extremely important to ensure that the company you choose has the highest level of security to prevent this from happening.
The PCI DSS applies to all organisations that accept credit or debit card payments, or that store, process or transmit cardholder data and/or sensitive authentication data.
We know what you are thinking, cyber attackers only target huge companies with huge annual turnover. That is where you are wrong!
Small and medium size business are one of the main targets for cyberattacks because of low security measures in place. The worrying thing is that one in four SME’s are hit with a cyberattack every year.
Small businesses are rarely prepared for cyberattacks, and don’t think that hackers would target their business due to its size, another reason small companies avoid this security measure is that it is an investment and one that they don’t see the benefit or results from immediately, they would rather take the risk than invest.
Regardless of the size of a business, complying with the PCI DSS is essential for any merchant that accepts credit cards as a form of payment.
Importance of PCI Compliance
The main reasons for PCI compliance are simple and should be adhered to, firstly to protect customers’ personal data, secondly, to protect the organisation from financial losses and remediation costs and to maintain customer trust and confidence through a higher level of data security.
At NRG Panel you can rest assured that your card details are safe. We have a responsibility to you our customers to keep this information secure and, we do just that.
We use Evalon PCI Pro
which is a secured encrypt encryption and compliance managed by Elavon. As soon as you insert your card into the terminal, your card data becomes encrypted, rendering it unintelligible to potential fraudsters.
Don’t be afraid to ask a company about their PCI compliance, you’re within your rights and at the end of the day it may just save you from an unforeseen hacker.