What are the benefits of being in compliance with the PCI DSS?
It is good business practice to adhere to the PCI standards and protect cardholder information. Additionally, Visa, MasterCard and Discover® may impose fines on their member banking institutions when merchants do not comply with PCI DSS. You are contractually obligated to indemnify and reimburse us, as your acquirer, for such fines. Please note such fines could be significant (as much as $500,000), especially if your business is compromised and you have not been validated as compliant. Studies show that people buy more and more often when they know their information is secure. Security is a selling advantage, a competitive advantage and a brand enhancement.
