Data breaches and credit card fraud are growing concerns for customers and merchants. That is why PCI was created; to ensure payments made by credit and debit cards are handled in the safest way possible. Every merchant with a Merchant ID Number must comply with PCI security standards (PCI-DSS).
Checkmypci.com is committed to helping merchants achieve compliance with PCI-DSS in a simple, easy to understand process.
What is PCI Compliance?
PCI compliance is a set of standards to protect personal information while it is being stored and/or processed. Failure to meet compliance standards can result in fines from credit card companies and banks and even the loss of the ability to process credit cards.
What if I'm not PCI Compliant?
The payment brands may, at their discretion, fine an acquiring bank $5,000 to $100,000 per month for PCI compliance violations. The banks will most likely pass this fine on downstream till it eventually hits the merchant. Furthermore, the bank will also most likely either terminate your relationship or increase transaction fees.