What Exactly Is PCI Compliance and How Much Will It Cost Me?
PCI Compliance is important because it increases the level of security across all platforms to better protect credit card data and transaction information from potential fraud and theft.
PCI Compliance is important because it increases the level of security across all platforms to better protect credit card data and transaction information from potential fraud and theft.
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<strong>What</strong> is <strong>PCI</strong> <strong>Compliance</strong><br />
<strong>PCI</strong> (Payment Card Industry) <strong>Compliance</strong> is a uniform directive created by the Card<br />
Association to maintain a specific level of security among all of its members (merchant<br />
providers, gateways, software developers <strong>and</strong> merchants). This was created to maintain a<br />
st<strong>and</strong>ardized level of security for all credit card transactions <strong>and</strong> is required to be followed by<br />
everyone accepting credit cards. <strong>PCI</strong> <strong>Compliance</strong> is important because it increases the level<br />
of security across all platforms to better protect credit card data <strong>and</strong> transaction information<br />
from potential fraud <strong>and</strong> theft.<br />
Do I Have To Be <strong>PCI</strong> Compliant<br />
Since July 2010, the Card Association has m<strong>and</strong>ated that all businesses accepting credit<br />
cards must be <strong>PCI</strong> compliant. Failure to do so can result in fines from merchant providers<br />
<strong>and</strong> banks <strong>and</strong> even the loss of ability to process credit cards. To find out if you are <strong>PCI</strong><br />
compliant, contact your merchant provider. They have to let you know <strong>and</strong> usually state<br />
whether they are <strong>PCI</strong> compliant on their website. Also, if you are using a third party<br />
gateway or processing software they must be <strong>PCI</strong> compliant as well.
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