What is PCI DSS Compliance?
PCI DSS stands for the Payment Card Industry Data Security Standard. This standard is managed by the Payment Card Industry Security Standards Council. PCI DSS is a set of minimum security requirements to help handle payment information securely. It was developed by the major payment card brands (MasterCard, Visa, Amex, Discover & JCB) in 2004.
In order to protect your business from the threat of card fraud each BOI Payment Acceptance customer may be requested to attest or certify their PCI DSS compliance on an annual basis.
In partnership with Sysnet we have created a Simple PCI DSS online portal which will guide you through the stages of becoming PCI compliant. By validating your compliance through the portal you can avoid the fines, fees and reputational damage associated with a data breach.
How to become PCI DSS compliant?
To report your PCI DSS compliance, small and medium sized businesses need to identify and complete the appropriate Self-Assessment Questionnaire for their business type. You can do this by logging onto our simple PCI DSS portal.
In order to become compliant you must complete the following steps:
- Analysis of business practice and processes
- Research of appropriate security solutions
- Implementing and maintaining security solutions.
Core to this is protecting your customers’ payment card data. Customers trust businesses to keep their information safe and they should repay that trust with, at the very least, compliance with the PCI DSS.
How much does it cost to become PCI compliant?
In line with our transparent pricing offering, there is no fee for becoming PCI compliant. This means no monthly PCI fee, no PCI set up fee and no late validation fees.
Take a look at our PCI DSS Compliance guide
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