Companies that do business online in today’s 24/7 connected economy can reap significant benefits, such as reaching new markets and new customers, faster payment cycles, better cash flow and reduced system administration costs. But doing business online also means increased risk and new vulnerabilities that emerge around protecting customer data and transactions.
Online Business Brings New Threats & Vulnerabilities
Staying on top of such dynamic and evolving threats is no small feat. According to network security company, Palo Alto Networks, cyber-crime is now a $1 trillion dollar per year industry and more than one hundred countries are embattled in the fight. But doing business online isn’t reserved for the world’s most advanced companies… businesses of all shapes and sizes can see big benefit from this channel.
Doing Business Online Provides Benefits to Companies of All Sizes
Although security concerns around online payment acceptance have kept many businesses in the ‘discomfort zone,’ if not out of the game altogether, those that have taken the leap are reaping significant benefits, including:
- Increasing revenue by reaching more customers
- Improving and speeding cash flow
- Reducing administration costs via self-service payment options
- Increasing the number of payment types accepted, and therefore revenue
- Reducing errors, therefore, protecting the customer experience with the brand
Who Should Get This eBook?
In this free eBook, learn five ways to ensure security and compliance in your online payments solution, including the key criteria that should be considered when determining an online payments solution that’s right for you.
This eBook is designed for businesses of any size that are evaluating setting up the ability to take online payments from customers using any type of online payment vehicle such as debit, credit or ACH.
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