While there are many elements that make up a strong, secure POS, multi-factor authentication still seems to be one of them. With many focusing on ways to keep financial data secret, the use of more than one source of verification may give businesses an extra way to comfort their customers while protecting their own integrity as well. Don't neglect this form of protection, even as new technology keeps emerging onto the scene.
Fed Tech Magazine recently looked at the importance of authentication in a new article. As the source pointed out, federal agencies seem to be on the path toward security with multiple factors. That means combining more than one approach for a single verification, such as passwords and biometrics.
Anyone who has followed the Payment Card Industry Data Security Standard requirements will already know the importance of handling more than one security measure at once. This June, Sysnet Global Solutions' James Devoy described the possible future of multi-factor authentication for businesses.
"It may take time but I think multi-factor authentication for non-console admin access will gradually come to be seen the 'norm', as good security practice for internal administrative access to systems," Devoy said on the PCI Security Standards Council blog.
His remarks came after the release of PCI DSS version 3.2. Devoy also said that multi-factor authentication will be mandatory as of January 31, 2018, so merchants should use their time wisely to prepare beforehand.
Even if businesses understand how crucial security is, finding the right credit card payment software can be challenging. With 911 Consulting, businesses can learn more about the program they use and stay up to date with the latest standards. Expand your current approach to payments with card processing and expert support from an industry professional. Contact us to get started today.