Retailers of all sizes should share a similar big priority: to be PCI-DSS compliant. The Payment Card Industry Data Security Standard ensures all organizations that accept, process, store or transmit credit card information remain confidential and secure. Why is it such a prominent concern? Since 2021, there have been $12 billion in total attempted fraudulent charges – and these illegal transactions are expected to keep rising.
A credit card breach leads to much more than financial loss. There’s also the risk of reputational damage to your brand and even legal penalties. Fortunately, there’s a way to ensure your credit card transactions remain safe 100% of the time, and that’s with NCR Secure Pay. This security software of NCR Counterpoint provides extra layers of protection while ensuring you continue to offer an exceptional customer experience. Learn everything you need to know below.
How Does NCR Secure Pay Work?
NCR Secure Pay uses multiple security features to minimize the risk of stolen data. These include:
Data storage is a big concern of retail security. Should a malicious actor be able to extract sensitive customer data, they can easily use this information to commit credit card fraud. To combat this, NCR Secure Pay takes credit card information out of your company’s local system and places it in the Secure Pay host instead. It does so through a process called tokenization.
Tokenization involves using a token, or code, to be put in place of sensitive credit card information in your store’s database. The actual information is encrypted and stored on NCR Secure Pay’s network environment. This decentralization of this data helps decrease security breaches, as hackers cannot access any information beyond the token.
The entire lifecycle of the credit card transaction is secured with point-to-point encryption. As soon as a customer swipes their card, information like credit card numbers, pins and expiration dates are encrypted in the NCR Secure Pay database and unreachable by hackers. However, you would also still be able to access encrypted information for other processes, such as customer returns.
- Other Key Features of NCR Secure Pay
- Beyond the above process, NCR Counterpoint also offers other features for a smooth and hassle-free transaction process:
- Automated credit card settlements
- Offline mode transaction acceptance
- EMV functionality
- Ecommerce integration
- Masked credit card numbers
- And more
No matter the feature that’s best suited for your business, know that it’s under the safest security with NCR Counterpoint POS.
Rest Assured with Your Retail POS Systems
Both your customers and your organization’s security should be a top priority during the operations. However, it’s not always easy to know what security compliance standards are in place and how to follow them properly on your own.
C&K Systems can help you get set up with an NCR POS System that will take away the headache and will give your customers peace of mind. Get in touch with our retail solutions expert to get started.