Get enhance financial data security
Through PCI Compliance
You might have heard the term “PCI Compliance” or have had customers ask if your E-Commerce site is PCI Compliant but what does that actually mean?
The PCI (Payment Card Industry) certification is created to enhance financial data security by incorporating broad adoption of the PCI Security Standards. The organization was created by major credit card companies such as American Express, Discover, JCB, Mastercard, and Visa to secure users credit card information. AllCore’s PCI Compliant hosting offers merchants the ability to host in a secure environment that will pass PCI scanning tests. With a PCI approval scan, you are free to secure merchant accounts with your financial institution and offer credit cards processing online.
Why should you be PCI Compliant?
Compliance with data security standards can bring major benefits to businesses of all sizes like trust, increased sales, confidence, reliability and more. While failure to comply can have serious and long-term negative consequences like:
Payment card issuer fines
Customers can trust you with their sensitive payment card information, giving them confidence in doing business with you
Confident customers are more likely to be repeat customers, and to recommend you to others
It helps prevent security breaches and theft of payment card data and improves the efficiency of your IT infrastructure
Improves your reputation with acquirers and payment brands — the partners you need in order to do business
All merchants, whether small or large, that accept credit or debit card payment, collect, process or store credit card transaction information, regardless of their transaction volume, are required to meet the PCI standards. The payment brands have collectively adopted PCI DSS as the requirement for organizations that process, store or transmit payment cardholder data. PCI SSC is responsible for managing the security standards while each individual payment brand is responsible for managing and enforcing compliance to these standards.
The new Payment Card Industry (PCI) Data Security Standards are network security and business practice guidelines developed by Visa, MasterCard, American Express and Discover Card. They were developed to establish a ‘security standard’ with regards to the protection of cardholders’ account and transaction information. PCI Security Standards are to enhance payment account security by creating and maintaining PCI Security Standards, as well fostering the education and awareness of these security standards.
The PCI Data Security Standard is a multifaceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. The PCI Data Security Standard is comprised of 12 general requirements designed to: Build and maintain a secure network; Protect cardholder data; Ensure the maintenance of vulnerability management programs; Implement strong access control measures; Regularly monitor and test networks; and Ensure the maintenance of information security policies.