Apple Pay is an exciting new mobile payment technology that could soon take the retail world by storm. But of the 9 million stores that currently accept credit and debit cards, how many will adopt Apple Pay? And equally important, how can you determine whether or not your favorite shops and restaurants accept the new technology?
Every organization that accepts credit and debit cards must remain PCI compliant — regardless of the payment processing method used. This requirement exists whether you run a for-profit business or a nonprofit charity.
Failure to meet the guidelines set forth under the Payment Card Industry Data Security Standards (PCI DSS) can result in harsh penalties if and when card-related fraudulent activity occurs.
Worse still, your business or nonprofit could lose credibility.