PCI COMPLIANCE: What does PCI COMPLIANCE have to do with my business?

Today I want to address the issue of PCI. It’s an important piece of the processing puzzle that any merchant who processes, stores and has access to merchant data must have to protect the data against security breach and against the financial responsibility that is incurred if it happens.

What is PCI?

PCI generally refers to the Payment Card Industry Data Security Standard, or the PCI DSS. This standard was developed by the PCI Security Standards Council, which is a consortium of the major credit card brands (Visa, Mastercard, American Express, and Discover). It represents the combination of two previous separate programs: the Visa Cardholder Information Security Program (CISP) and MasterCard’s Site Data Protection program (SDP). The goal of the PCI DSS is to specify a common standard for protecting cardholder data from compromise.

What happens if my business is not PCI compliant?

If your business is not PCI compliant there are various measures that the card brands can take, ranging from warnings and monetary fines to revoking your ability to process transactions entirely. More importantly, the PCI DSS allows you to assure your customers that you’re protecting their credit card data appropriately.

If my business is PCI compliant, does it reduce my insurance liability?

In most cases, no. If you’re not compliant and experience a breach, however, you can be open to legal action from the affected customers.

What benefits does Capital Bankcard offer in being PCI compliant through them?

In Capital Bankcards PCI compliance package, we cover the PCI, cover the first two chargebacks by refunding the fees( other companies DO NOT offer this), cover up to 10,000$ in case of a breach( Capital bankcard has never had ONE breach incidentally) and we will publish you a certificate of your compliance. There is a fee of 79$ for the compliance package, but its reasonable when compared to the range of fees other companies charge for a PCI package( upwards of 200$ for some companies, or they charge even more not disclosing the fee by lumping them together with other undisclosed fees).

In conclusion, we defined PCI and why you need to have protection. I explained the benefits of doing business with Capital Bankcard and what those benefits are. One of the main, if not THE main, reasons I I decided to sell for Capital Bankcard is the fact that we are transparent with the fees we charge and we DO NOT lump them, together in a convoluted fashion to confuse you and hope you don’t notice. I will always be happy to talk about what we charge and why we charge it. Thank you and I hope this helped you understand some things about your business that you may have been a bit confused about

Contact me, Craig Vann, anytime at 334-315-1427, and feel free to check out my web sight for more information at http://www.capitalbankcardcentralalabama.com/