Four Costly Payment Security Mistakes
Implement procedures to safeguard your members' data
Company owners strive to run a profitable business that provides quality products and a superior customer experience. But in today’s world, merchants also must focus on technology advances and the digital threats that come with it. In fact, payment security needs to be a priority.
Below are 4 areas of oversight that companies make when it comes to payment security.
1. Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential information about the data without comprising its security. The process takes place when a credit card number is entered, the card detail is sent to a vault, a token is created and then the merchant uses the token for the purchase.
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