Who Needs to be PCI Compliant?

If you accept or process credit cards and have not yet completed your PCI DSS certification, along with your InfoSafe certification we’ll help you get PCI compliant, reach “Safe Harbor” status with the credit card companies, and get it all taken care of at one time.
NOTE: This additional certification is required by Visa, Mastercard, American Express and Discover for any organization that accepts credit cards. If you have already completed your PCI Certification with a qualified ASV or QSA vendor, and have your certificate of PCI DSS compliance, you do not need this additional certification with InfoSafe.

Who Must Be PCI Compliant

Any business who accepts, processes, transmits or stores credit/debit card information, including retail, mail or telephone order, and e-commerce. Fines and deadlines for non-compliance vary depending on the Acquiring Bank and credit card companies you accept.

Penalties and Fines
Up to $10,000 on first violation for not implementing required safeguards. Visa Fraud Control fines of up to $500,000 per incident for any merchant or service provider that is compromised and not compliant at the time of the incident. Fines and penalties vary depending on the acquiring bank and credit card companies you accept.
The security of cardholder data affects everybody.

Your PCI Compliance can easily be taken care in conjunction with your InfoSafe certification. We’ll help you get PCI compliant and reach “Safe Harbor” status with the major credit card companies who are enforcing the credit card security regulations. We get it all taken care of for you at one time – quickly and easily.

When you become InfoSafe Certified, you’ll already meet virtually all requirements for PCI Certification. You won’t have much to do – if anything. We work together with SecurityMetrics, our ASV/QSA certified PCI Compliance partner that ultimately provides you with your PCI Compliance validation and certificate.

To become certified PCI Compliant with credit card companies, in addition to other basic security measures InfoSafe gives you, you’ll need to complete either a full “Site Certification” or a “No Internet Site Certification” depending on whether or not you collect data or process transactions via the internet or on your website.

Don’t worry about details! Your Compliance Specialist with InfoSafe will walk you through the entire process and explain everything to you in easy-to-understand terms. It doesn’t get any easier!

Why PCI Security Matters
The last several years have seen unprecedented assaults on personal and financial data that customers have knowingly or unwittingly entrusted to retailers, e-commerce businesses, banks, service providers and credit card companies.

To help mitigate losses, the payment card industry (PCI) countered the criminal onslaught with its own security initiative that is broader in scope and more specific in its requirements than any measures federal or state government regulation might have imposed. The Payment Card Industry Data Security Standard (PCI-DSS) is a comprehensive security standard that establishes common processes and precautions for handling, processing, storing and transmitting credit card data.

“The security benefits associated with maintaining PCI compliance are vital to the long-term success of all merchants who process card payments. This includes continual identification of threats and vulnerabilities that could potentially impact the organization. Most organizations never fully recover from data breaches because the loss is greater than the data itself.”
— Quick Service Restaurant (QSR) Magazine

Following PCI security standards is just good business. Such standards help ensure healthy and trustworthy payment card transactions for the hundreds of millions of people worldwide that use their cards every day.

Potential Liabilities:

  • Lost confidence, so customers go to other merchants
  • Diminished sales
  • Cost of reissuing new payment cards
  • Fraud losses
  • Higher subsequent costs of compliance
  • Legal costs, settlements and judgments
  • Fines and penalties
  • Termination of ability to accept payment cards
  • Lost jobs (CISO, CIO, CEO and dependent professional positions)
  • Going out of business

Benefits of PCI Compliance

PCI compliance provides merchants with “Safe Harbor” from fees and penalties associated with PCI non-compliance and card data compromise. By staying PCI compliant, you are relatively assured that you are following best security practices to prevent a serious security breach that would result in a serious loss of customer confidence in your business. Consumer confidence with credit/debit cards will help you maximize your sales and other revenue opportunities.

Being PCI compliant shows your customers that your business can be trusted with their credit/debit card information. With skyrocketing credit theft and fraud occurrences in today’s marketplace, preserving consumer confidence is critical.

How to become PCI Compliant

PCI Compliance is easy and can be completed in as few as three simple steps. Site Certification does not require any software installation, software configuration, training or costly maintenance. Compliance may only take a couple of hours to finish, or it may take longer if there are security holes in your computer network you need to close.

Once you have completed the validation process, your business is certified PCI DSS compliant. We’ll notify your merchant bank (credit card processor) that your business is certified compliant, and you’ll receive a printable certificate of compliance to prominently post at your place of business. If you pass the website scan, you’ll may place a PCI compliant certified logo on your site. When customers have confidence in your website, they’re secure in making purchases and ultimately this will help generate additional revenue.

Compliance Support
Our PCI Compliance Support Team with SecurityMetrics offers unlimited technical support, 24 hours a day, 7 days a week.

Annual Renewal: Your PCI certification must be renewed annually. Annual renewal of your PCI certification will guarantee you’re always up to date with current data security standards, and will help you avoid big fines and penalties for non-compliance. For your convenience, we’ll notify you via email or phone when it is time for renewal.

Get Started! Enroll in InfoSafe today.

Protecting yourself and your customers, saving time and money, and getting your business compliant with federal, state and industry regulations is simple and affordable with InfoSafe.

business Buttton

Click Here to Leave a Comment Below

Leave a Reply: