What happens when a business owner has to deal with credit card processing for his business? What happens if he gets hold of his credit card processing data base but has lost or destroyed the credit cards? What if, after trying so hard to save some valuable data, he realises that the lost or destroyed cards have all been used in the last month? Well, what now?
As soon as you realise that data loss is inevitable and cannot be altogether prevented, it's time to act. You can try your best to secure passwords for all computer systems. You can also take every precaution to prevent others from getting hold of this information. But if you are lucky, you may not have lost everything.
The problem of lost cards can occur to anyone. Most of us keep our identification cards in a wallet or purse and these are usually kept under lock and key. If someone does manage to get hold of your wallet or purse and access your identification cards, they could probably use them to make purchases. At this point, you need to contact your credit card provider and have them replace all your lost cards. It is possible to get new cards immediately but it may take up to 48 hours.
Can business owners to prevent such a situation? The answer is a resounding yes! There are several security measures a business can take against credit card theft. For starters, all credit card transactions are encrypted. Encrypted credit card numbers to ensure that only the person who issued the credit card has access to the account numbers.
Apart from this, business owners can take the option of issuing credit cards with their business names on them. Business names will help reduce the chances of your customers being able to guess which credit card is theirs. Apart from this, you should change your PIN number often because credit card fraudsters are very good at catching you out when you are in your store.
There is another way to protect your business and your customer's personal information from theft. Rather than keeping credit card numbers at hand, you should also keep copies of these numbers in the office and in other public places such as restaurants. The copies can then be given to your customers. This is because credit card fraudsters are well aware of the fact that most people tend to write down the credit card numbers when they pay for items in a restaurant.
Another good way of preventing credit card fraud is by making all your sales transactions automatic. In this case, you would not need to keep a printed record of your credit card sales. Your customer would be given a receipt which he can take with him when he . . . . . . goes back home. You can keep the receipts at your desk or in a hidden place within your premises. This will ensure that you do not lose track of your sales and the amounts disbursed to your customers. This is because if you do not keep track of the credit card numbers of your customers, it is next to impossible to trace the thieves and return their ill-gotten gains.
You can also use an identity proofing service that can help you make it harder for criminals to steal your customer's information. Some of these services can be found online for free. This means you do not have to spend money on hiring expensive legal professionals to protect your business. By doing these simple things, you can protect your business store credit card numbers from theft and ensure that your business operates uninterrupted.