What is PCI Compliance and why is it important?

What is PCI Compliance and why is it important?

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Payment Card Industry Data Security Standard The acronym, PCI DSS, stands for Payment Card Industry

Data Security Standards The PCI DSS is designed to protect against credit card

breaches, and compliance is required of all merchants accepting credit cards

The “golden rule” of payment processing:

Secure others’ payment information as you would your own.

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Only 16% of Level 4 (Small Business) Merchants are “very familiar” with PCI compliance.

Small Business and PCI Compliance

Source: The Green Sheet

PCI DSS Familiarity

"Very Famil-iar"

Not "Very Familiar"


But why? According to a Trustwave, an authority on security and

PCI compliance management solutions, over 80% of merchants can achieve compliance within 12 hours


Simplify PCI DSS Compliance Find a PCI DSS certified gateway or software provider to

handle the following: Credit Card processing Transaction history storage Credit Card account storage

Create a security policy for your company – and follow it!www.paysimple.com | follow @PaySimple | facebook.com/paysimple

Your company will not store credit card numbers in a digital format

You company will not store any paper copies of CVV2 security codes

All paper documents with credit card information will be kept in a locked filing area with restricted access

You can find an example of a security policy by visiting www.paysimple.com/pci, under item 3.

What should a security policy include?


The Final Steps to PCI Compliance1. Visit the PCI DSS website:

www.pcisecuritystandards.org/merchants

Visit the

Phone, mail, or web transactions

Retail

The Final Steps to PCI Compliance1. Visit the PCI DSS website:

www.pcisecuritystandards.org/merchants

2. Click on PCI DSS Self-Assessment Questionnaire (SAQ)3. If you process less than 20,000 transactions a year,

select Questionnaire A4. Complete the form and submit it to your merchant

processing company

Summary Once you’ve completed these simple steps, your annual

PCI DSS compliance is complete! To review:

Find a PCI Certified Partner

Set up an internal Security Policy

Complete your SAQ

form

Submit form to your

processor

Follow your Security

Policy for one year

Good luck!www.paysimple.com | follow

@PaySimple | facebook.com/paysimple

http://www.paysimple.com/

What is PCI Compliance and why is it important?

Education

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