Do you hear people talk about PCI DSS compliance but never explain it? We have to admit, Vanco has been guilty of this, but we are making things right. Here is a simple overview of PCI DSS and what it means for you, finally.
PCI DSS stands for “Payment Card Industry Data Security Standards.” This means that the Payment Card Industry has put in place certain standards which ensure any company who handles cardholder data maintains a secure environment. Cardholder data is defined as any sensitive data associated with the credit card account. This includes the primary account number, cardholder names, expiration date, and service code.
In addition to these standards, payment processors adhere to one of four different levels, four being the lowest and one being the highest. This is based on how many credit card transactions a company handles yearly, and where those transactions occur. To read about this in detail, visit the PCI Compliance Guide FAQs and choose question five.
So what does this mean for, you? Luckily, Vanco provides complimentary PCI compliance to all of our clients. It is our goal that cardholder data is kept as securely as possible. If your payment solution does not provide PCI compliance, research how to take the PCI self-assessment questionnaire.
Those are the basics. Hopefully, this cleared up some of the mystery surrounding PCI DSS. If you are interested in learning more about what it is and how it works, take a look at the PCI Compliance Guide. Or, leave us a comment in the section below!