In today’s almost cashless society, accepting card payments is a necessity for most small businesses
This is why having a payment service provider that can support both your business and customer needs is as important ever. Navigating the multitude of payment providers available to small businesses can then be a tricky minefield to decide what’s best for you.
Understanding this, Live Payments launched specifically to meet the needs of Australian SMEs, and is focussed on delivering a payment solution to suit your business and your customers’ needs, without charging the earth.
But with so much sensitive data being gathered and transferred across the digital ether every single day – all business owners have a responsibility to protect their customers from potential data breaches and theft. In fact, all Australian businesses that accept card payments must comply with the Payment Card Industry Data Security Standard (PCI-DSS) which governs things like how you take a payment online and through a card device.
The good news is, by being PCI-DSS compliant, you’re reassuring customers that their card details are safe and secure when they make a payment which also means they’re more likely to place trust in your business and help you build a positive reputation.
To help you meet your safety and security obligations, all Live Payments devices are PCI-DSS compliant and are certified by the Australian Payments Clearing Association. Most importantly, here are some of the top security features Live Payments offer to keep your customers’ payment data safe:
End-to-end encryption
When your customer presents their card to your Live Payments device, the device will send your customer’s payment information over the network to check they have the funds. Encryption means card holder information is scrambled before it leaves the terminal and throughout the “in-flight” authorisation process, so it can’t be intercepted and misused.
Tokenising card data
Tokenisation provides an added layer of security because instead of decrypting customers’ bank details after they’ve been transferred, it replaces them with a new code (token). This token can then pass through the network to process transactions without the real bank details ever being exposed.
Remote key injection
Your Live Payments device, however, allows for remote key injection which means your encryption key can be securely injected wherever your device is located. With remote injection capability, your business experiences minimum disruption in the event of a suspected security breach and can respond quickly to changing compliance standards.
Accepting card payments safely and securely sounds complicated, and that’s probably because it is behind the scenes. But when it comes to meeting those important compliance obligations, our Live Payments device will do a lot of the hard work and thinking for you. Earn 1 Qantas Point on every $1 on customer transactions with Live Payments black*.
Important Information
*A business must be a Qantas Business Rewards Member to earn Qantas Points for business. A one-off join fee of $89.50 including GST normally applies, however this will be waived for Live Payments black customers that join here. Membership and Qantas Points are subject to the Qantas Business Rewards Terms and Conditions. Qantas Points for business are offered under the Live Payments black Terms and Conditions.
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