Point-to-point encryption (P2PE) is an advanced security tool that helps protect the sensitive information contained within a credit card. When a business uses P2PE, credit card data is encrypted from:
As long as your business accepts payments, there will always be a risk of data theft. Compromised data can lead to devastating losses for customers and businesses, as well as hefty fines for merchants. With the right security systems in place, such as a P2PE solution, you can ensure your customers’ information remains safe from fraud while protecting your own business from the consequences of electronic theft.
P2PE can also help you increase customer confidence in your payment environment — allowing you to build a reputation as a secure, compliant merchant.
Additional benefits of a P2PE solution:
Complying with PCI standards isn’t just recommended for merchants who accept credit cards — it’s required. The card brands developed data security standards to help protect their businesses and customers from payment fraud and identity theft. If data is compromised due to PCI violations, consequences can include fines, loss of credibility, diminished customer confidence, and potentially loss of business.
A P2PE solution can help minimize your PCI scope by helping you comply with the latest security standards – reducing the risk of fraud and keeping your business safe. You and your customers can enjoy peace of mind knowing that your payment environment is secure.
To learn more, contact our merchant services team today.
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