What is PCI?
Payment Card Industry Data Security Standard (PCI-DSS) provides a framework for developing a strong security process for credit card transactions. If you are a merchant or a service provider who accepts, transmits, and/ or stores cardholder data, you must be PCI compliant.
Achieving full compliant with the Payment Card Industry Data Security (PCI DSS) is daunting and tedious, and in many cases requires a great deal of effort and financial cost for businesses. There are the tasks involved to secure, monitor and manage the cardholder’s data, such as defining policies and procedures to implement technology solutions.
Who Needs to Be PCI-compliant
To break down PCI compliance a bit further, here’s a list explaining who needs to follow different guidelines:
Any organization that accepts one or more of the five major credit cards that formed the PCI DSS council
Merchant service providers
Businesses that transmit, process, or store credit card information for other merchants
Devices or online shopping carts that transmit, processes, or store credit cards information like credit card readers, e-commerce carts, or point-of-sale systems
The middleman for merchants and banks; these companies transmit data between a business running a credit card with a bank that either approves or denies a request for payment
These all-in-one businesses typically provide the merchant account, payment application, and payment gateway for merchants
Reach PCI DSS goals with consulting
While PCI DSS is seemingly straightforward, proper execution of the steps required for compliance can be tricky. There are requirements, for example, that you map out and trace all of your payment card data. That sort of detailed network architecture requires expertise.
PCI compliance-consulting can help businesses maintain compliance and be nimble for anticipated changes in PCI DSS standards as new threats arise. Even changes in the way applications are developed led to revisions in PCI DSS.
With PCI compliance-consulting from Advantage Industries, you can rest assured that you have the most up-to-date protocols in place to keep your customer card data safe and your business information secure. Interested in learning more about how we can simplify PCI DSS compliance? Contact one of our specialists today.