Why PCI Compliance Exists



 

Why PCI Compliance Exists

You may have been assessed a $30 monthly penalty for failing to maintain a PCI Compliance Certificate with your credit card processor.  That $30 does not go to your processor but rather to the acquiring banks who assess the fine to your processor, such as Chosen Payments who then passes it on to you, the merchant.

In 2006, an independent body was created by Amex, Visa, MasterCard, Discover and JCB to effectively try and reduce credit card fraud caused by the poor handling of credit card information by merchants and their employees.  On a grand scale, think of Target and its data breach of nearly 40 million credit card numbers from their internal computer servers.  This should paint a pretty big picture of why the need for PCI compliance exists.

 

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Private meeting in Las Vegas

Las Vegas LCT Show Attendees:  -

  • Visit our Booths 608/609 Near the International Pavilion for group demos and Q&A  
  • For those of you that are staying over a few extra days in Las Vegas, I planned to extend to Friday for meetings.  If you would like to schedule time to answer questions or get a demo of the system one-on-one email This email address is being protected from spambots. You need JavaScript enabled to view it. and i will confirm a mutual time and date on either March 4th or 5th.