PCI Compliance

Cardholder Data Security Is Your Responsibility:

 

CPS helps our clients manage vulnerabilities throughout the payment process with fraud prevention solutions.  We simplify PCI compliance to decrease the time, costs and resources spent on meeting PCI compliance requirements.  We offer solutions that safeguard data privacy.  We also provide guidance on your annual PCI Self Assessment Questionnaire.

 

Ensuring the safety of your customers' cardholder information can help your business strive to create and maintain a positive image, enhance customer confidence and even assist in improving your bottom line.  As part of our ongoing provision of credit and debit card processing services, we want to provide you with some critical information regarding the Payment Card Industry (PCI) Data Security Standard (DSS) and the Card Association Compliance Programs.

 

It is important to note that all Merchants and Service Providers that store, process, or transmit cardholder data must comply with PCI DSS and the Card Association Compliance Programs.  However, certification requirements vary by business and are contingent upon your "Merchant Level" or "Service Provider Level".

 

Failure to comply with PCI DSS and the Card Association Compliance Programs may result in a Merchant being subject to fines, fees or assessments and/or termination of processing services.

Potential Liabilities:

 

  • Lost confidence, so customers go to other merchants

 

  • Diminished sales

 

  • Cost of reissuing new payment cards

 

  • Fraud losses

 

  • Higher subsequent costs of compliance

  • Legal fees, settlements and potential judgments

 

  • Fines and penalties

 

  • Termination of ability to accept credit and debit cards

 

  • Lost jobs (CISO, CIO, CEO and dependent professional positions)

 

  • Going out of business

 

 

 

 

 

 

 

 

 

 

 

Let us help you protect your business.

Category Criteria Requirements:

 

 

Level 1

  • Any merchant that has suffered a hack or an attack that resulted in an account data compromise

  • Any merchant having more than six million total combined MasterCard and Maestro transactions annually

  • Any merchant meeting the Level 1 criteria of Visa

  • Any merchant that MasterCard, in its sole discretion, determines should meet the Level 1 merchant requirements to minimize risk to the system

 

Requirements:

  • Annual Onsite Assessment by Qualified Security Assessor (“QSA”) or Internal Auditor if signed by officer of the company

  • Quarterly Network Scan conducted by an Approved Scan Vendor ("ASV")

  • Attestation of Compliance Form

 

Level 2

  • Any merchant with more than one million but less than or equal to six million total combined MasterCard and Maestro transactions annually

  • Any merchant meeting the Level 2 criteria of Visa

  • Attestation of Compliance Form

 

Requirements:

  • Annual Self-Assessment Questionnaire (“SAQ”)

  • Onsite Assessment at Merchant Discretion

  • Quarterly Network Scan conducted by an Approved Scan Vendor ("ASV")

 

Level 3

  • Any merchant with more than 20,000 combined MasterCard and Maestro e-commerce transactions annually but less than or equal to one million total combined MasterCard and Maestro e-commerce transactions annually

  • Any merchant meeting the Level 3 criteria of Visa

 

Requirements:

  • Annual Self-AssessmentQuestionnaire (“SAQ”)

  • Quarterly Network Scan conducted by an Approved Scan Vendor ("ASV")

 

Level 4

 

  • All other merchants

 

Requirements:

 

  • Annual Self-Assessment Questionnaire (“SAQ”)

  • Quarterly Network Scan conducted by an Approved Scan Vendor ("ASV")

 

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150 S. Pine Island Road #300

Plantation, FL 33324

1-800-719-8223

Current Payment Solutions is a registered ISO of Wells Fargo Bank, N.A.

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