PCI Compliace seems to have a lot myths associated with it. Here we will go over some of those myths and what a business really needs to do to become PCI Compliant.
1. One vendor and product will make us PCI compliant.
No one vendor will be able to provide you with a single product that addresses all 12 requirements for PCI compliance, however, we are committed to doing all we can to make PCI compliance as easy as possible. All new terminals meet PCI regulations and come with PCI compliant software. When the Payment Card Industry announced the new regulations, many merchants did not have to update their terminals.
Be wary of processors who charge a PCI Compliance fee at all – many processing companies who have increased their prices, some over $300, in hidden and annual fees. Click here to get started on the Self-Assessment Questionnaire required by all merchants to start becoming PCI compliant!
2. PCI compliance is an IT project
While some of the new regulations involve altering the computer system within your company, the majority of the PCI compliance regulations are a perpetual process that involves all aspects of business security.
3. PCI compliance will make us secure
After completing all the PCI compliance requirements your company is secure, but only for that moment. Cyber criminals are always changing their techniques, trying to find a weak spot in the system to steal information. Merchants must be diligent in preventing cardholder data theft by continually preventing, detecting, and reacting to security incidents.
4. PCI compliance is unreasonable; it requires too much
At first, the multiple steps required to become PCI compliant can be daunting, especially for small and medium-sized businesses. Nonetheless, the regulations were developed to help protect businesses from being victims of cardholder theft. Following the requirements will help secure your business and all credit cards accepted as a form of payment. The time taken to become PCI compliant pales in comparison to the time, fines, and stress caused by security infringements on your credit card systems.
5. PCI compliance requires us to hire a Qualified Security Assessor
Only large corporations processing more that six million transactions a year are required to hire a Qualified Security Assessor. Small and medium-sized businesses are only required to complete the Self-Assessment Questionnaire instead of hiring a QSA. In Fact, Accept Credit Card merchants are provided access to the PCI Compliace SAQ and Scans (for those merchant that require a scan) free of charge. That is right: FREE OF CHARGE!
Here is a link to our current merchant page, so you can see all the services we provide our merchants, including free PCI Compliance: https://www.elect-mer.com/existing-merchant.html
Call: 800-476-5020 opt. 1 for more information