What Is the Importance of Payment Processing Security for a Mobile Merchant? 
Why Does Your Business Need to Be PCI Certified?
It does not matter what type of business you have. If you accept payments made with credit cards, then your company needs to be PCI certified. The same applies to any other method that requires personal data from your clients. As a mobile merchant, you need to find a payment processing company that provides you with software that covers all your needs. Including a service that will help you become compliant with the PCI DSS standard.
You may wonder what this standard stands for? Well, it is a security standard. Your company needs to take all the security measures established by this standard to be deemed safe for using and storing the data from your clients. If you can’t pass the requirements, then your company is not offering enough protection to your clients. And there is a risk that a hacker may steal the card data of your clients from your systems.
The compliance test can be done in two steps. The first one is a questionnaire that you need to complete and pass. And the second one is a security scan that must be done by a certified company. The questionnaire must be completed on an annual basis, and the scan must be done from three to three months. Luckily, a reliable payment processing company has all the means to help you pass both tests and become compliant with the PCI standard. So, all you have to do is to find and choose from one of the top-notch companies in the market.
What Benefits Can You Get from Being PCI Certified?
You may wonder if there is any benefit for your company for being PCI certified . And the answer is yes, there are two benefits in it for you. They may not be so clear at first sight, but after you read about them, you will understand their importance.
• Self-security. You should understand that a hacker will not stop after taking all the card data of your clients. He will also steal the data of your company, making use of it to take all the money in your accounts. So, you need to become compliant with this standard. You must do this not only for your customers but also for your company as well. You will also benefit from the increased security needed to pass the tests of the standard.
• Marketing. The second benefit is the possibility of using this standard as a marketing tool. More and more people start to realize the importance of the security of the system that a company has. There are two ways through which you can make use of this standard. The first one is to let your potential clients know that your payment methods are safe, and no one will be able to get their personal data from them. And the second method is to find out which of your competitors are not certified for this standard. That will put their clients in danger, and you will do them a favor if you let them know about it.
As you can see, it is essential to have increased security for the data of your customers, especially for a mobile business. Because it has much lower credibility in comparison with other business models. Making use of this standard will help you gain the trust of your potential customers. But are there any other essential features that a payment processing company should provide to a mobile business?
What Other Features Should a Payment Processing Software Provide to a Mobile Merchant?
There are three essential features that a payment processing company must provide to a mobile merchant (https://www.bams.com/mobile-payments-merchant-account/) through their software. All three of them are mandatory. So, if you find a software that is not able to provide all of them, then you should strongly consider another alternative. The three essential features are:
• Mobile processing. Obviously, the software must be usable on the phone, and it should also include all the tools needed for the merchant to accept payments through the phone alone. This feature is essential for field sales, markets, or even are regular shops where it can be used to break lines and prevent them from forming. It is mandatory for any type of business that does not make its sales in a stable location all the time.
• Offline processing. The second essential feature is the ability to accept payments without the use of the internet. Although it may sound impossible, it is not. The top software on the market can make transactions with a temporary lack of internet. The transaction is simply saved on the device. It will be processed when you will be able to access the internet. This feature is very useful if you want to sell your products or services in areas that lack the internet. Or even in stable areas in moments where the internet does not work because of a technical problem.
• Real-time reporting. The last essential feature is real-time reporting. You need to be able to check all the financial status of your business. And be able to do it at any hour and at any moment. You never know when you have to make a critical decision for the future of your mobile business. And the best help that you have is the information that you get from the reporting and analytics offered by a payment processing software. You should never make your decisions blindly. They must always be based on concrete information to ensure that they are the best alternatives that you have.
So, if you want to help your mobile business grows at an accelerated pace, then you should use a payment processing software that provides all the features mentioned above. It would be even better if the software can offer you even more useful features that you can use to make more profits. And grow your profits even faster. And all you have to do is a little research to find the leader in the market and try its services.
