Creating trust with your customers and vendors is all about keeping information secure. Over the last several years, the Card Brands (such as Visa and MasterCard) have created programs to ensure that not only are merchants and vendors following the best security practices, but that they are implementing them and using secure payment applications. As a merchant, you are expected to comply with the Payment Card Industry standards and validate your compliance annually.
Payment Card Industry (PCI) Data Security Standards (DSS) is a best practice standard and monitoring process for ensuring data is kept secure. As a merchant, you are expected to comply with the PCI standards. Failure to comply with these standards can result in significant fines and the possible cancellation of credit card acceptance capabilities. Merchant e-Solutions assists in the process by providing merchants with easy access to the annual Self-Assessment Questionnaire. We have also partnered with Qualys, an Approved Scanning Vendor, to provide quarterly network scanning.
Merchant e-Solutions is compliant with the PCI DSS standards and is listed as a PCI compliant service provider by Visa. You can ensure you prevent fraudulent practices by implementing the PCI Data Security Standards and by:
Keeping information secure helps to decrease credit card and identification theft, reducing financial losses and keeps the cost of payment processing. The rule of thumb is never collect or store information unless you really need it.