Payments Security is Essential to Your Health and Fitness Club

Sean Ellis Hussey

|

November 4, 2020

|

category

minute read

PUblished

November 4, 2020

With ever-expanding payments innovations your payments security protocol is vital. In a broad sense, payments security is not only a business necessity, but also touches emotional components of safely guarding sensitive information for your club, as well as your members. Making sure no one sees your pin number is no longer sufficient. So how can you know for sure your club’s payments are secure? Read below where we break down the various aspects of payments security to avoid the costs of a security breach, and help you choose a robust system best suited to your business practices.

PCI Security Standards

Payments security is designed to address the safety needs of you and your members. With the growing demand of credit card processing through the 20th century, and the increasing popularity of online payments in the 21st century, these safety measures have had to adapt. That is why the four major credit card companies; Visa, Mastercard, American Express, and Discover, joined forces to create the Payment Card Industry Data Security Standard (PCI). Since its inception in 2004, PCI has seen eight updates that better define the needs of all merchants. Split in to four levels based on the number of annual transactions, PCI Compliance is an industry standard that protects a diversity of business types and their customers.

Tokenization

Because storing credit card information is vital to many businesses, PCI compliant merchants follow strict guidelines on properly storing credit card numbers. Storing this information creates increased risk for CC theft. To protect consumers from fraud, merchants who store credit card numbers are required to use a complex code that replaces and hides sensitive information in what is called a token. Tokenization is then the procedure payments systems engage to process payments from a stored CC. Many payments processors have cutting edge innovations that creatively harnessed the power of tokenization to add benefits to merchants. This can include software that helps avoid missed payments, swiftly resolved chargeback disputes, and automatically update CC information.

Your Line of Comfort

The security protocols for your club should translate to a sense of comfort. You’ll feel at ease armed with up-to-date information including accessible financial records on your payments processing. These reports should range from quick daily bites of information to the more complex documentation that outlines robust records on your club’s daily, weekly, monthly, and annual payments.

Whether you’re storing CC numbers on paper, or exploring options to expand your club’s payments security protocols, consider our payments solutions to process your payments. As a level 1 PCI compliant payment service handling more than 6 million transaction annually, our payment solutions have state-of-the-art tokenization capabilities offering the best defense against fraud. We offer an integrated and user-friendly system within your existing software, providing easy access to the vital information to help you ensure your payments are protected.

To learn more about how our payments services could impact your business, schedule a consultation with us below. And to learn how we go the extra mile, becoming an extension of your business to save you time with payments-related member communications, check out our Full Service Billing Guide.

New call-to-action

What’s a Rich Text element?

Thi sis a

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

dadasd

Static and dynamic content editing. A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

ddddd

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

dsadadasdas

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

  • Just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection
  • Any collection and then connect
  • This i any collection and then connect

Into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

other articles

continued reading

Planning a Tennis Tournament Step-By-Step

read article

Planning a Tennis Tournament Step-By-Step

Tournament hosting is of paramount importance for tennis club management. Here are 5 crucial steps for optimizing the planning process.

Read Article

How the Perfect Club Sales Script Can Lead to More Memberships

read article
No items found.

How the Perfect Club Sales Script Can Lead to More Memberships

Fitness clubs rely heavily on securing new memberships to stay successful. An effective sales script can help clubs increase membership sales and stay on top.

Read Article

Why Tracking Member Attendance is Key to Retention

read article

Why Tracking Member Attendance is Key to Retention

It’s hard to retain members who don’t use your club. Read on to learn how tracking and improving member attendance can positively impact overall retention.

Read Article

Grow Your Junior Tennis Program

read article

Grow Your Junior Tennis Program

Junior tennis programs are vitally important for a club’s long-term success. Here are 4 important tips for growing your junior tennis offering.

Read Article

Why Tracking Member Satisfaction is Essential to Club Growth

read article

Why Tracking Member Satisfaction is Essential to Club Growth

Want the secret to keeping members engaged and coming back for more? Read on to see how to gather member feedback to improve your fitness club.

Read Article

Health and Fitness Club Industry Report: Q2 2021

read article

Health and Fitness Club Industry Report: Q2 2021

The state of the club fitness industry is changing rapidly during these times. See where we made it by Q2 2021 in this fitness industry recovery report.

Read Article

5 Fitness Club Management Tasks to Streamline with Automation

read article

5 Fitness Club Management Tasks to Streamline with Automation

Utilizing several communication channels is crucial to keeping health club members of all ages and backgrounds engaged. Read on for our guide on the best channels to use and when to use them.

Read Article

Ready to outrival
the best?

Schedule a consultation and unlock your full potential.

Get a Demo
Get a Demo