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October 19, 2016 | Categories: PCI Compliance Back to list

PCI Compliance: A Benefit of Innovative Payment Systems

PCI Compliance: A Benefit of Innovative Payment Systems

Every payment that comes into your business is crucial to your future profitability and success. The money that your customers pay you funds your cash flow and helps you pay important financial obligations of your own.

Because you rely on each payment getting into your bank account securely and promptly, you need a payment system that will clear transactions and provide you with the one-on-one support you need in case of technical crises. You can choose a system that works best for your business by looking for one with these qualities.

Compliance and Accountability

The federal and state government closely regulate the manner in which your business processes payments. You may be required to provide certain details of each transaction or deduct the money within a certain time frame to avoid government fines and penalties.

You can abide by the current laws by selecting a system that is PCI compliant. This compliance allows you to bring in money without the worry of running afoul of current laws in your state or in the U.S.

Likewise; the company from which you purchase the system should offer accountability for the way its system operates. This accountability means that the company can explain for you if anything goes wrong or a transaction does not comply with current law.

Centralized Data Collection

Some payment system companies gather and then disperse your customers’ information to several different data centers. You have no idea who has access to these details, which could put your clients’ security and confidentiality at risk.

You instead should consider a company that keeps all of your company’s data in one place. This single location means that you know where the information is and who has access to it. It reduces the risk that the data could be lost or misused.

Payments on the Go

Today’s competitive marketplace demands that business owners have access to mobile technology. You need to be able to process payments on the go rather than demand that your customers come to your company’s brick and mortar location.

A payment system that offers this mobility helps you stay apace with current business trends. It also lets you make money from literally any place in the world where you can use your mobile device and payment system’s app.

Low Cost

Even with all of the perks available with the most innovative systems, you may not want to pay a lot of money for your ideal choice. You may even want to try it out first before you purchase it.

When you shop for payment systems, you can consider those that offer no-risk trials and 100 percent guarantees of your satisfaction. The cost itself if you decide to buy it should also be designed to fit into any business owner’s budget.

Moreover, you may benefit by selecting a system that can be set up for free and as quickly as the next day after you purchase it. These courtesies help you continue to run your business while bringing in money that is crucial to your bottom line.

Your business’s cash flow depends on the payments you collect. You can collect money quickly and easily by using a system that offers innovative perks like mobility, PCI compliance, money-back guarantees, and low cost next day setup.

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