We`ve all heard the horror stories of credit card databases being hacked and breached. Just this month, Mongomery Ward.com got nailed, joining a long list of unlucky noncompliant major retailers. FYI we`ve posted details on our blog page (see URL below).
Consumer credit card data security is a real concern nowadays that the
credit card industry takes very seriously. That`s why the Payment
Card Industry Data Security Standard (PCI DSS), a worldwide data security standard that applies to any organizations large or small which stores, transmits or processes cardholder data, has been created. If your business accepts credit, this means YOU..
Did you know that if your business accepts credit cards and you are not
PCI compliant, your business can be fined and/or your merchant account
permanently shut down? If your business has a merchant account (or if
you are in the market for one), this is a subject you should be aware
of. Nothing to be afraid of, mind you, because being compliant is not
difficult. But you DO need to be aware of your responsibilities since
ignorance is not an acceptable excuse should you get nailed. I`t`s an
excellent idea to call your merchant processor, let them know you are
aware of these requirements, and make sure you are complaint. Don`t
just assume your setup is compliant because if it`s not, it`s YOUR butt
on the line.
We have created a Q & A webpage on the subject. We urge any
business that accepts credit cards to review it . Feel free to email
any questions to my attention. . No charge, no strings,no ulterior
motives. Just information.