Any body keep credit cards on file?

[juan45215]

I just got a letter from the sign company I use for extra large banners. They are now requiring either a credit application or a credit card on file.
I was thinking about the credit card idea for my shop, but not sure if there are legal ramifications. Seems like it would help get us paid faster.

 

[wildside]

we do not keep this info on file, and even if you do, you still need permission on each transaction to process the card, whether it be in a invoice, statement, small wording etc.... otherwise the ole' "i didn't authorize it" statement is entered into the equation

by what i understand, they want a card on file, if you fail to pay, they charge the card and then let you fight it out with the credit card company if needed.......

 

[AnotherSignManiac]

we dont do it, but I believe (and someone can correct me if I'm wrong) if you do there are a lot of security measures that you have to take to make sure hackers cant get to them

 

[Fred Weiss]

We've done it for regular customers for years. There is, however, an inherent risk in doing so should you ever be hacked and the card info used by bad guys.

 

[thinksigns]

I just went through our PCI compliance. We described how we handle CC numbers, how many charges, amount of charges, etc., and answered an online questionnaire. Saved us about $20 a month in non-compliance fees. Also, my understanding is if you aren't in compliance and a bad guy gets someone's CC from you there are very heavy fines.
If asked, we keep our clients CC in our password protected database.

 

[FireSprint.com]

We keep them on file for easy re-ordering. It's nice not to have to call in a CC every time our client's order.

The security of the cards is something we take very seriously though.