What is PCI and Why is PCI Compliance important for you?

For more information contact Kim Owens, (704) 987-9989

The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that ALL companies that process, store or transmit credit card information maintain a secure environment. Essentially any merchant that has a Merchant ID (MID).

Payment Card Industries (PCI) Security Standards Council members including Visa, MasterCard, AMEX, Discover, etc. continually monitor and fight payment card data theft. These compromises affect the full spectrum of merchants, from very small to very large organizations. A security breach of any sensitive data can lead to serious consequences, including:

• Potential heavy financial penalties (ie, regulation violation fees & fines)
• Loss of reputation
• Loss of customers
• Litigation
• Merchant Account Revoke

Being PCI Compliance ensures that a merchant has met rigid PCI security standards. In addition, Visa mandates that any custom requires integrated credit card processing applications, it must be PA-DSS certified credit card processing applications by Oct 1, 2009. (See attached Visa Mandate). This so-called phase IV is intended to eliminate the continued use of vulnerable payment applications by acquirers, merchants and agents within the payment system.

Understanding this mandates, companies should make sure that their credit card processing software provider for their Dynamics ERP has been validated to be in compliant with PA-DSS. Using a certified credit card processing software will definitely help merchants to meet all security standards requirements and can achieve PCI compliance easier.

(Optional) Learn more about the importance of PCI compliance. Join us for a specialized webinar session where we will walk you through PCI’s payment application mandates and show how BroadPoint and their partner Nodus can help you to meet PCI security standards requirements.