PCI DSS

Companies that process credit card payments must comply with the Payment Card Industry (PCI) Data Security Standard (DSS). Two essential questions for all organizations seeking PCI compliance are what is merchant PCI compliance? and what does it require? Below, we answer these and other questions about PCI merchant level requirements applicable to your business.

It is critical for payment card industry (PCI) organizations to protect cardholder data (CHD) integrity throughout processing, storage, and transmission. Specifically, PCI compliance network security can help minimize the risks of CHD breaches during processing and transmission across web applications and networks. Recent data breaches highlight the need for PCI organizations to address the exploitable network security vulnerabilities that could potentially compromise CHD integrity. Read on to learn more about how to address these vulnerabilities via PCI compliance network requirements. 

Compliance with the Payment Card Industry Data Security Standards (PCI DSS) is critical to securing credit and debit card payment transactions. Organizations in the PCI industry deemed non-compliant with PCI DSS requirements may be subject to steep fines, ranging anywhere from $5,000 to $50,000 monthly, depending on the length of violation and compliance level. However, you can dispute fines for PCI non-compliance.

Compliance with the Payment Card Industry’s (PCI) Data Security Standards (DSS) requires annual reporting. This annual compliance reporting involves extensive PCI DSS audit procedures for organizations that handle the highest transaction volumes. The audit procedures are conducted during the completion of an on-site assessment known as a Report on Compliance (ROC).

Per a study from TSYS, 80 percent of US consumers prefer credit or debit card payments over cash and other options. So, if your organization doesn’t process card payments, you potentially inconvenience four out of five prospective customers—which, at scale, isn’t beneficial.

Is your organization ready to comply with the Payment Card Industry (PCI) Data Security Standard (DSS) framework? If you process or store credit card data, you’ll need to be.

Nearly all companies that collect, store, process, or transmit credit card data must comply with the Payment Card Industry (PCI) Data Security Standard (DSS).

A company’s cybersecurity infrastructure must often meet industry-specific regulatory compliance requirements. While many compliance frameworks apply only to specific sectors, some span broader cross-sections of the market at large.

Passwords provide a universal method for enforcing basic authentication and access security with various IT security systems, applications, data, and other resources. The Payment Card Industry’s (PCI) regulations require that sensitive cardholder data be password protected by organizations that store, process, or transmit such information.

Sufficient encryption complexities remain a compliance necessity for nearly all companies that store, process, or transmit credit card data and payment information. These encryption regulations are established by the Payment Card Industry’s (PCI) Data Security Standards (DSS).