What are the benefits of being in compliance with the Payment Card Industry Data Security Standards?
It is good business practice to adhere to the PCI standards and protect cardholder information. Additionally, Visa and MasterCard may impose fines on their member banking institutions when merchants do not comply with PCI Data Security Standards. You are contractually obligated to indemnify and reimburse us, as your acquirer, for such fines. Please note such fines could be significant, especially if your business is compromised and you have not been validated as compliant.
Related Questions
- Why is Processing Point requiring their merchants to be Payment Card Industry Data Security Standards (PCI DSS) compliant?
- What are the benefits of being in compliance with the Payment Card Industry Data Security Standards?
- To whom does the Payment Card Industry Data Security Standards Compliance Program apply?
