Payment security involves the steps businesses take to make sure that their customers’ data is protected and to avoid unauthorized transactions and data breaches. Important aspects of payment security include following protocols such as PCI Compliance and 3-D Secure (3DS).

Payment security has multiple layers and different requirements depending on the type of business you operate. With eCommerce showing no signs of slowing down, it’s more important than ever for credit card issuers and their merchant customers to implement robust payment security. Multiple layers of payment security are required to protect your business from processing fraudulent transactions, for which you could be liable.