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PCI Smart Program
PCI Smart was designed to help merchants validate PCI compliance and combat costly security breaches, which can result in fines of up to $500,000. Since compliance is mandatory for all merchants, regardless of size, the Payscape's PCI Smart program provides you the tools to assist you in completing the validation process. Our goal is to help merchants avoid the types of high-profile breaches that have involved small and medium-sized businesses.
WHAT EXACTLY IS PCI?
"PCI" is the acronym for the Payment Card Industry. The PCI data security standards are technical and operational requirements set by the payment card brands to protect cardholder data. Every merchant must comply with the PCI standards. The full set of requirements can be found at www.pcisecuritystandards.org.HOW DO I KNOW IF I AM COMPLIANT?
Through Payscape's partnership with Trustwave, a leading provider of data security and PCI compliance management solutions, we have developed the PCI Smart program.The PCI Smart program will enable you to easily validate if your business is compliant, and if necessary, it provides the tools to assist you in becoming compliant. The software provided by PCI Smart will identify your compliance requirements and help you select the appropriate PCI self-assessment questionnaire, schedule network scans if required and obtain all necessary validation documentation. PCI Smart can also help you develop best practices for long-term data security and offer ongoing help and education. The program also provides online tools and, in many cases, advanced technology to monitor your system.
BENEFITS OF COMPLIANCE
- Security added to your business brand
- PCI compliance certificate puts customers at ease while making purchases
- Additional security measures against theft and fraud for merchants and customers
- Minimize risk of fines for non-compliance
CONSEQUENCES OF NON-COMPLIANCE
- $10,000-$500,000 fines can result in business closures
- Costly penalties for fraudulent purchases and card re-issuance
- Potential loss of credit card acceptance privileges and customer base
- Susceptibility to lawsuits and investigations
For additional information on PCI compliance and requirements please visit the Visa website
Payscape Advisors is a full service, registered, merchant service provider.