PCI-DSS Compliance For Credit Card Processing – It’s For Your Own Protection!
Posted on April 21, 2011 | No Comments
Jeff Zervos asked:
First and foremost, PCI-DSS regulations apply to ALL merchants, regardless of size or number of transactions that accept, transmit or store any cardholder data so it is critical that your equipment is certified. So whether you’re a small mom and pop shop that just opened your doors and want to accept credit cards or a thriving internet based business that is currently processing credit cards – the bottom line is you MUST be PCI compliant.
What is PCI-DSS Compliance?
PCI-DSS stands for “Payment Card Industry-Data Security Standard” and sets forth requirements for security management, policies, and procedures to combat identity theft and credit card fraud. These standards were created by the PCI Security Standards Council – a group formed and operated by representatives from Visa, MasterCard, Discover, American Express, and JCB International – and designed to better protect your business and your customer’s personal account information.
In a nutshell, it’s about making sure as a responsible merchant that you protect you and your customers by adhering to the highest level of security standards presented.
How to Tell if Your POS Card Processing Equipment PCI Compliant?
So now that you know what PCI compliance means, how do you know if you have a PCI-DSS compliance problem at your business?
A key element to achieving PCI compliance pertains specifically to the equipment you use to process your electronic transactions. More specifically, what type of encryption is built into the terminal to protect the transmission of customer data to external networks and
The fastest way to determine if your equipment is PCI compliance is to consider the following three questions regarding your current POS equipment:
» Tags:
First and foremost, PCI-DSS regulations apply to ALL merchants, regardless of size or number of transactions that accept, transmit or store any cardholder data so it is critical that your equipment is certified. So whether you’re a small mom and pop shop that just opened your doors and want to accept credit cards or a thriving internet based business that is currently processing credit cards – the bottom line is you MUST be PCI compliant.
What is PCI-DSS Compliance?
PCI-DSS stands for “Payment Card Industry-Data Security Standard” and sets forth requirements for security management, policies, and procedures to combat identity theft and credit card fraud. These standards were created by the PCI Security Standards Council – a group formed and operated by representatives from Visa, MasterCard, Discover, American Express, and JCB International – and designed to better protect your business and your customer’s personal account information.
In a nutshell, it’s about making sure as a responsible merchant that you protect you and your customers by adhering to the highest level of security standards presented.
How to Tell if Your POS Card Processing Equipment PCI Compliant?
So now that you know what PCI compliance means, how do you know if you have a PCI-DSS compliance problem at your business?
A key element to achieving PCI compliance pertains specifically to the equipment you use to process your electronic transactions. More specifically, what type of encryption is built into the terminal to protect the transmission of customer data to external networks and
The fastest way to determine if your equipment is PCI compliance is to consider the following three questions regarding your current POS equipment: