I’ve been moved to write this article because the most recent business that I visited was not PCI compliant. As such they were incurring a £9.99 per month charge – plus they were not meeting the regulations as required by law. Now £9.99 may not sound a lot, but why throw it away? If you found a £10 note on the pavement you would stop and pick it up and it would put a smile on your face.
What is PCI?
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 it applies to any business that takes card payments.
How do I know if I am not compliant?
It’s simple really. You’ll be getting a monthly PCI non-compliance charge on your card statements. Also you will know if you are, because you will have had to fill out the necessary form.
Yikes. I’m not PCI compliant. What do I do?
It’s fairly straight forward and starts with a visit to your card providers website where you will go through an online certification process.
We are a Streamline provider and you can get everything you need here – www.streamline.com/pcidss
How much does it cost?
There is an annual fee of £29.99 (current rates). Much cheaper than the £120 in fees if you are not compliant.
You can find out answers to all your questions, and some interesting PCI myths too by going to http://www.pcicomplianceguide.org/pcifaqs.php