If your business processes credit card and ACH transactions, then yes, having a PCI-compliant solution is essential for ensuring the security and integrity of your payment processing systems. Per recent reports, global card payment fraud losses are expected to total approximately $48B by 2031. PCI DSS-compliant offerings ensure the protection of your customer’s sensitive financial data from risks such as breaches, fraudulent activities, financial liabilities, and legal consequences. By adhering to PCI standards, you underscore your commitment to fostering a trusted and secure payment experience. If non-compliant, your organization is at risk for significant fines, loss of customer trust and loyalty, and damage to brand reputation.