What Is PCI Compliance
The PCI Security Standards Council touches the lives of hundreds of millions of people worldwide. A global organization, it maintains, evolves, and promotes Payment Card Industry standards for the safety of cardholder data across the globe
Payment Card Industry Data Security Standard (PCI DSS) is a global security initiative. PCI DSS is a set of mandatory requirements that apply to all businesses taking credit and debit card payments and is designed to protect the security of your business, your customers, and the bank
PCI Compliance ensures card data processing and storage is secure, protecting against fraud and other financial crime
What Will I Gain From Being PCI Compliant
Being compliant will not stop fraudsters from targeting your business, but it will place you in the strongest position to prevent an attack and avoid the financial penalties and potential long term damage that can occur to your business as a result
We recommend that all merchants comply with the PCI Data Security Standards as it protects your business and gives you peace of mind. Failure to comply can have serious long-term consequences
If there is a security breach of data from within your organization, and you are not able to demonstrate PCI DSS compliance, you could be liable for any losses that arise and could face a substantial fine imposed by the Card Schemes, or a ban on accepting cards altogether
How Do I Become PCI Compliant
Whether you are accepting card payments for the first time or switching card payment providers, it is your responsibility to ensure you remain compliant but io Payments will make it simple for you
When you join us, you will complete a PCI Compliance assessment
Your PCI compliance includes membership to the PCI Programme and helps to manage compliance on your account
You will receive annual reminders to renew your PCI DSS certificate online, giving you peace of mind and ensuring you avoid non-compliance