Local Payment Methods and PCI Compliance
How can hotels give their guests an easy payment experience without sacrificing security?
As we wrap up our series on PCI compliance, we want to take a look into the future of security, especially when it comes to payments. Technological advances are happening at a high speed, and hotels must keep up if they want to give their guests the ultimate experience during their stay.
But this may leave some hoteliers wondering, does implementing new technology leave them vulnerable to security breaches?
As we learn more about advances in payment technology and different kinds of payment methods, it would seem that the opposite is true. By embracing the technology age and offering alternative payment methods, hoteliers can provide their guests with a better experience and increase security.
Accepting local payment methods will go a long way in preventing payment fraud. These types of payments offer significant improvements in security since the merchant never sees the card information (they can only see a token). Whereas before, the merchant had full access to the card information including the PAN and even stored it in their system.
Therefore, by offering local payments, liability for the merchant is effectively removed. Not only does this improve your security, but local payment methods can also serve to speed up the check-in process and boost guest satisfaction. Giving guests the freedom to pay how they want is more important than ever, and something they’ll expect as apps and features such as PayPal and Apple Pay become an everyday integration into people’s lives.
Local payment methods and where they’re popular:
It’s important to note that technology is constantly evolving, and as new innovations emerge, the security of these developments should be carefully considered before implementing them in your hotel.
To learn more about PCI compliance and local payment methods, download our Definitive Guide to PCI Compliance Part II: Hotels.