PCI Compliance Consulting
Accepting electronic payment card data is required to successfully run your business today. Securing that card data is your responsibility, regardless of amount of transactions, or processing method.
You are liable for protecting your customer's data even if you only use a point of sale device.
What does PCI compliance mean to your business?
According to the Payment Card Industry (PCI)Security Standards Council, any business which accepts direct payment from a customer via any form of electronic payment card is required to be PCI compliant. The difficulty in obtaining compliance is dependant on the size of your business in terms of number of payment card transcations per year.
What are conseqence for non-compliance?
While typically enforced by your Merchant Bank, the costs of non-compliance can be:
- Monetary fines.
- Mandatory upgrade to higher, and more expensive merchant levels.
- Loss of payment card processing privileges.
Depending on the laws where you do business, you may be required to fund identity theft protection for your customers in the event your business suffers a data breach.How can we help?
Our experts can help you design a plan for working with PCI in a manner which not only makes sense for the size of your business, but also satisfies the payment card brand’s requirements, while at the same time providing a high level of security for your organization.