What is PCI?
The Payment Card Industry Data Security Standard: Visa, MasterCard and other payment card brands have joined together to establish the Payment Card Security Standard (PCI DSS). The PCI DSS establishes guidelines for key areas of data security including physical security, access control, computer network security, security policies, and security testing. The PCI DSS applies to all areas of the transaction stream; merchants, payment service providers, and even merchant banks. Meeting the security guidelines set forth by the PCI DSS is mandatory --this means per Visa and MasterCard regulations, your business must be in compliance with all applicable PCI DSS requirements. Weather your are accepting $100 or $1000000 in credit cards per months, you are obligated to make sure your are PCI compliant. |
Data security is a hot topic. News stories regularly report system hacks and lax data security at retailers and other businesses that jeopardize millions of consumers’ payment card data and personal information.
Retailers are not the only businesses at risk; Visa reported 53% of open data compromise cases are related to restaurant payment systems. E-commerce merchants and computer networks are also regularly targeted by hackers seeking critical payment card data. Even paper-based merchants have terminals, receipts, and customer records stolen. Your customers rely on you to safeguard their payment card data; failure to do so could result in Association fines, legal and financial liabilities, and irreparable damage to your business and reputation. Given this, it’s critical you understand the basics of information security and comply with security mandates that apply to your processing environment. |
What many processor forget to mention...
What many processors forget to mention is the PCI compliance is required by the card brands from the processors and their merchants. If you have signed up for a merchant account and have not gone through the process of becoming PCI compliant then you are missing out. PCI compliance is a rather simple process for most merchants. It is a tool established to increase awareness of potential credit card fraud and minimize theft, breaches of networks where credit card information may be stored. The PCI questioner is simple yet at times confusing to purposely cause increased awareness within the merchant operation of the merchants guideline in accepting credit card payments. The card brands want merchants to think about the process of accepting credit cards and to have merchants help in minimizing credit card theft, fraud and potential breaches. When you sign up with a processor you will need to either provide them with an existing certificate of PCI compliance or follow that processors's procedure to becoming PCI compliant. What set us apart is that we have been proactively communicating with our merchants the need to become PCI compliant. We have established a department specific to helping merchants go through the process and become PCI compliant quickly. If you are a Swipe UP merchant and you are having difficulty becoming PCI compliant or understanding the process please contact us immediately to receive assistance. We are here to help!
|
|
Call us - Toll Free:
|
Mobile ProcessingSmall Business LoanWhy SwipeUPPCI Compliance
|
CompareTestimonialsJobs |
Processing PricingAccount Log InContact UsToll Free
|
|