Among many conversations in the payments industry right now, payment security is one of the biggest ones around. With credit card fraud and data breaches on the rise in the U.S., merchants need to make sure their payment solutions are secure. Being prepared to accept EMV chip cards is one way to improve payment security, but merchants need to look beyond EMV and be equipped to combat all forms and causes of credit card fraud. This is where a multi-layered security approach to payments comes into the picture. A payment transaction needs to have multiple layers of security to better protect itself from data breaches and fraud. Here’s how two payment security technologies – point-to-point encryption (P2PE) and tokenization – help merchants with just that.
As technology evolves, merchants need to move forward with it by investing in a secure payment solution that not only benefits them but provides assurance to the cardholder that their data is secure. As merchants upgrade their payment technology to support EMV, NFC/contactless payments, here’s why they should also opt for a multi-layered security approach:
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Read more in our Multi-Layered Security blog post: Read the blog
Payment security has evolved and so have the methods used to penetrate merchants’ systems. Being prepared to accept EMV chip cards is one way to improve payment security, but it’s important to look beyond EMV to combat all forms and causes of credit card fraud. Download the cheat sheet to learn more.