The Payment Card Industry Data Security Standard (PCI DSS) applies to companies of any size that accept credit card payments. If your company intends to accept card payment, and store, process or transmit cardholder data, you need to host your data securely with a PCI compliant hosting provider.
What Is PCI Compliance? PCI (Payment Card Industry) compliance entails following the standards set forth by the industry. This is mandatory for all merchants that process, transmit, or store any cardholder data. If you accept payment through any form of payment card, then you are held responsible for becoming and remaining compliant. Whether you conduct business over the phone or in the mail, in store, or online, you still qualify as a merchant and are accountable to the industry standards. All credit card brands support the standard, including: Visa, Mastercard, Discover and American Express. To show your compliance as a business, you must possess a secure collection of customer data that is tamper-proof and ready for analysis. You also need to prove that data protection controls are in use, and that you have an auto-alert system that continually monitors access and usage of data.
Level 1: Your company has over 6 million Visa and/or Mastercard transactions processed per year. This level requires yearly on-site reviews by an internal auditor, and a network scan by an approved scanning vendor (ASV). Level 2: You have 1 million to 6 million Visa and/or Mastercard transactions processed per year. You must complete a Self-Assessment Questionnaire (SAQ) annually, and this level requires a network scan with an approved scanning vendor.
Confident customers are more likely to be repeat customers, and to recommend you to others. Compliance improves your reputation with acquirers and payment brands -- the partners you need in order to do business. Compliance is an ongoing process, not a one-time event. It helps prevent security breaches and theft of payment card data, not just today, but in the future. As data compromise becomes ever more sophisticated, it becomes ever more difficult for an individual merchant to stay ahead of the threats. The PCI Security Standards Council is constantly working to monitor threats and improve the industry's means of dealing with them, through enhancements to Security Standards and by the training of security professionals.
When you stay compliant, you are part of the solution - a united, global response to fighting payment card data compromise. Compliance has indirect benefits as well. Through your efforts to comply with Security Standards, you'll likely be better prepared to comply with other regulations as they come along, such as HIPAA, SOX, etc.
What Is PCI Compliance? PCI (Payment Card Industry) compliance entails following the standards set forth by the industry. This is mandatory for all merchants that process, transmit, or store any cardholder data. If you accept payment through any form of payment card, then you are held responsible for becoming and remaining compliant. Whether you conduct business over the phone or in the mail, in store, or online, you still qualify as a merchant and are accountable to the industry standards. All credit card brands support the standard, including: Visa, Mastercard, Discover and American Express. To show your compliance as a business, you must possess a secure collection of customer data that is tamper-proof and ready for analysis. You also need to prove that data protection controls are in use, and that you have an auto-alert system that continually monitors access and usage of data.
Level 1: Your company has over 6 million Visa and/or Mastercard transactions processed per year. This level requires yearly on-site reviews by an internal auditor, and a network scan by an approved scanning vendor (ASV). Level 2: You have 1 million to 6 million Visa and/or Mastercard transactions processed per year. You must complete a Self-Assessment Questionnaire (SAQ) annually, and this level requires a network scan with an approved scanning vendor.
Confident customers are more likely to be repeat customers, and to recommend you to others. Compliance improves your reputation with acquirers and payment brands -- the partners you need in order to do business. Compliance is an ongoing process, not a one-time event. It helps prevent security breaches and theft of payment card data, not just today, but in the future. As data compromise becomes ever more sophisticated, it becomes ever more difficult for an individual merchant to stay ahead of the threats. The PCI Security Standards Council is constantly working to monitor threats and improve the industry's means of dealing with them, through enhancements to Security Standards and by the training of security professionals.
When you stay compliant, you are part of the solution - a united, global response to fighting payment card data compromise. Compliance has indirect benefits as well. Through your efforts to comply with Security Standards, you'll likely be better prepared to comply with other regulations as they come along, such as HIPAA, SOX, etc.
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Anonymous marco p said...
ReplyDeleteI am not sure whether you touched on this but is this available in the support libraries so we can take advantage of it right away?
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