Find Out More On PCI Compliance
Shoppers want to know that their personal information is safe when shopping at your business. That’s where the PCI (Payment Card Information) Regulations come into play. The major credit card companies (VISA, Mastercard, Discover, American Express) formed the PCI Regulations to protect customers information with safeguards that you, as a merchant, have to comply with. The consequences are painfully high if there is a breach as much as $100,000 per customer can be assessed as a fine and your credit card processing can be terminated. Wouldn’t that put a damper on business!
Who needs PCI compliance? The short answer is any retailer or merchant that processes a credit card for payment whether it’s on your phone or in store on a terminal. The long answer is every merchant needs PCI compliance, but just how much is where it gets more complicated..
There are 4 levels of merchants in PCI Compliance.
|1||Any merchant — regardless of acceptance channel — processing over 6M Visa transactions per year. Any merchant that Visa, at its sole discretion, determines should meet the Level 1 merchant requirements to minimize risk to the Visa system.|
|2||Any merchant — regardless of acceptance channel — processing 1M to 6M Visa transactions per year.|
|3||Any merchant processing 20,000 to 1M Visa e-commerce transactions per year.|
|4||Any merchant processing fewer than 20,000 Visa e-commerce transactions per year, and all other merchants — regardless of acceptance channel — processing up to 1M Visa transactions per year.|
Security requirements are different for each level of merchant to be PCI compliant.
Blackthorn Secure customizes a plan according to your network layout and automates your compliance. You won’t have to worry about compliance when you employ our team of security professionals.
Compliance doesn’t have to be an issue when you employ Blackthorn Secure. We manage your compliance program for you taking the headache away leaving you to concentrate on business.
Find out more about PCI Compliance directly from the PCI Security Council here