PCI DSS Compliance

What is PCI DSS Compliance?

Every business must safeguard their data!

Payment Card Industry (PCI) Compliance is a hot topic today. The major credit card brands; MasterCard, Visa, Discover, JCB and American Express, created an organization called the PCI Security Standards Council to deal with high rate of occurrence of stolen identities, stolen credit card data and data breaches. The goal of the Council is to create standards for data security within the payment processing industry.

PCI Compliance is not a federal law; however, in order to accept credit cards as a form of payment, merchants must be PCI Compliant or follow the PCI Compliance requirements. Non-compliant merchants risk losing their ability to process credit cards and being audited and/or fined.

Remember, it is the merchant’s responsibility to safeguard customer card data. Choosing partners who are already PCI complaint greatly reduces your risk. Thankfully, while there are several levels of compliance, most merchants qualify for a level that is inexpensive and easy to implement.

How do you comply with the PCI DSS standards?

It’s a matter of following the 12 requirements in the standard, working with your Merchant Account Provider, Pathway Payments, and using the tools offered through the Council. Remember that PCI DSS compliance is an ongoing process, not a one-time event. You’ll need to continuously assess your operations, fix any vulnerabilities that are identified, and make the required reports to the acquiring bank, if any.

What does PCI DSS compliance mean?

In security terms, it means that your business adheres to the PCI DSS requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. In operational terms, it means that you are playing your role to make sure your customers’ payment card data is being kept safe throughout every transaction, and that they – and you – can have confidence that they’re protected against the pain and cost of data breaches.

At Pathway Payments:

  • We only represent and sell PCI Compliant Software, PCI Compliant Gateways and PCI Compliant Hardware.
  • We act as your liaison and advocate with the Acquiring Bank who may have their own Data Protection Requirements.
  • We can guide you through the maze of regulations to simplify a solution unique for your business, usually as a value added service with your Merchant Account.
  • We make the whole process EASY. We never charge you to review your operations for Compliance.
merchant

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