What are the potential implications to my business if I am found not to be PCI compliant?
You are required to prove to your merchant bank that you are PCI compliant by completing the Self Assessment Questionnaire and performing quarterly security scans. If Visa gets a report from your merchant bank stating that you have not shown your restaurant to be PCI compliant, they may fine your bank from $5,000 to $100,000 per month for these violations. Your bank will most likely pass part of these fines down to you. They may also increase your transaction fees or terminate your relationship with them.
