Each year, a series of new rules and regulations regarding consumer safety and identity theft are put in place by both the government and the Payment Card Industry (PCI). The new standards from PCI and the Data Security Standards (DSS), establish protocols for protection of cardholder data.
From the world’s largest corporations to small retail and Internet stores, compliance with the PCI Data Security Standard (PCI DSS) is vital for all merchants who accept credit cards, online or offline. Nothing is more important than keeping your customer’s payment card data secure. The size of your business will determine the specific compliance requirements that must be met. (Please see the chart below)
You are responsible for protecting cardholder data at the point of sale, and as it flows into the payment system.
Ultimately – your business must be compliant. It’s the law. If you aren’t compliant, you are leaving yourself open to fines, lawsuits and potentially closure. Just take a look at the major retailers who have had data breaches and how much time and money they have lost.
What is Elite Doing to Assist You?
Elite is here to assist you with becoming PCI Compliant and has taken proactive steps to make sure you have the tools you need to be compliant. You can get additional questions answered by our compliance staff at (877) 330-3313.
What Are the Steps My Business Should Take to Become PCI Compliant?
For many businesses becoming PCI Compliant can seem like a daunting and overwhelming task. As a result, many businesses put off becoming PCI Compliant which is a terrible mistake that could become costly.
Elite assists our merchants in becoming PCI compliant and we help keep our clients up to date on changes going forward.
5 Steps to Take to Become PCI Compliant:
Step 1: Determine The Level/Tier Type your business falls into.
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Step 2: Determine Validation type and complete the Self-Assessment Questionnaire (SAQ) according to the information contained in the Self- Assessment.
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Step 3: Complete a clean vulnerability scan with a PCI DSS Approved Scanning Vendor (ASV), and obtain evidence
Of a passing scan from the ASV.
Step 4: Complete the relevant Attestation of Compliance in its entirety (located in the SAQ).
Step 5: Submit the SAQ and the accompanying Attestation of Compliance along with evidence of a passed
Vulnerability scan and any other requested documentation.
To receive more information on how our payment processing solutions can help your business increase sales and reduce risk contact an Elite representative at 877-330-3313 or email@example.com