One of the biggest concerns for online shoppers is payment security. Thankfully, there are payment card industry (PCI) requirements that manufacturers, software developers, and merchants have to comply with. Here’s why PCI compliance is so important and how to determine the difference between PCI DSS and PA DSS.
First, your compliance shows that you are secure and signals to your customers that their data is stored securely. As a result, you’ll likely increase conversions and see your customers return. Anything to maintain strong customer relationships will be an asset for your business.
Second, your relationship with other businesses, vendors, and contacts will be strong. You’re sending positive signals to anyone you do businesses with. The last thing a customer or a vendor wants to worry about is whether their credit card data is secure.
So, you might be asking yourself if you should be PCI DSS or PA DSS compliant. The quick and dirty answer is that PCI DSS compliance must be met by any company that deals with credit card information, while vendors need to be PA DSS compliant if they make and sell payment applications, such as Znode’s Multifront software (which is PA DSS compliant, if you were wondering). However, if your application was written in house and only used in house, you can just PCI DSS compliant. It’s when you sell the application that prompts a PA DSS compliance.
It might seem confusing if you’re just starting a business, whether online or not. If you’re just getting started, check out PCI’s comprehensive guides for advice.