Why PCI Compliance?
No one likes the world compliance, but understanding Cardholder Data Security - PCI Compliance is imperative.
The PCI Compliance Program Overview - Introduction to PCI: Data security has become a primary consideration for every business that accepts credit and debit cards for the payment of goods or services. To promote the security of the credit and debit card payment systems, the major card brands established the Payment Card Industry Council (PCI) to oversee its Data Security Standards (DSS).Merchants of all sizes must ensure that cardholder data is protected from a security breach. A typical breach costs a small business merchant $25,000 - $50,000, but can run much higher depending on the number of cards compromised. To protect cardholder data and mitigate financial exposure, it is imperative that all merchants validate and demonstrate PCI-DSS compliance.We take a comprehensive approach to help your business securely manage cardholder data and ensure compliance, while protecting your reputation and your bottom line. We focus on three key areas:
Education – materials and information to help you understand PCI-DSS compliance
Validation – tools to help you validate and demonstrate compliance and protect your business
Financial Protection – programs to mitigate your financial exposure should a breach occur
Protection begins the day you start as a merchant with our company. Please review the materials contained in this pamphlet and you’ll be on your way to establishing a secure processing environment.
NOTE: Compliance validation certification must be renewed annually. Non-compliance may result in additional fees. Refer to your merchant application for terms and associated fees and fines.