Does your business still rely on PCI 3.X EFTPOS devices? In this article, we'll delve into PCI compliance and the importance of staying secure in the face of changing industry standards.
Your customers trust you with their sensitive payment information. PCI security standards are designed to safeguard this data, ensuring that every electronic payment is a secure and seamless experience for both you and your customers.
Determining when a payment device or software version becomes non-compliant is the responsibility of Payments NZ, the governing body that oversees the payment system in New Zealand. Sunset dates are strategically assigned to ensure the entire payments ecosystem stays at the forefront of security by continuously updating payment technology to meet evolving industry standards.
Non-compliance poses significant risks to your business, from potential data breaches to compromised customer trust. As technology advances, so do the tactics of cybercriminals. Staying compliant ensures that your payment systems are equipped to withstand modern security threats.
While merchants don't incur penalties for non-compliance, there's a crucial risk of disconnection from the payment network. Imagine if your business was left without a functional EFTPOS terminal – this scenario can be avoided with timely compliance.
How to Ensure Compliance
Check your EFTPOS terminal's PCI version to determine if an upgrade is necessary. Check the Device Register on the Payments NZ website here, or download our handy checklist which lists all PCI 3.x EFTPOS terminals registered in New Zealand below.
If your terminal is listed, contact your Terminal Provider or contact us at 0800 EFTPOS to discuss the upgrade process.
Did you know that New Zealand has over 100 active EFTPOS providers, offering a wide range of EFTPOS terminal brands? Our customers are already enjoying the advanced features of Android EFTPOS. Is your provider keeping up?