Understanding payment safety and security

Safety and security is a serious, complex and potentially costly consideration for merchants operating in a digital world. They need to protect data coming into their businesses to prevent a data breach and comply with PCI-DSS, regulations set by the Payment Card Industry Security Standards Council. It is also essential to mitigate consumer fraud – to prevent chargebacks, goods/services being lost, as well as bank fines. Managing these safety and security aspects while looking to expand can pose a significant challenge for merchants.