David and I want to express our heartfelt gratitude for your ongoing support of our credit card processing services. Thanks to you, we’ve been able to donate over $520,000 through our “Every Swipe Benefits Charity” program.
At Pay It Forward Processing, we are committed to assisting you in staying compliant while standing out with our unique blend of robust payment processing solutions and a philanthropic mission. Thank you for being a vital part of this journey!
IS YOUR BUSINESS PCI COMPLIANT ?
If your business is NON-PCI COMPLIANT
you are being charged $59.95 from Visa/Mastercard.
As a business, you need to ensure your customers' cardholder data is safe. We at Pay it Forward Processing are here to assist you in doing it and maintain PCI compliance to protect your data.
For assistance with your PCI compliance we offer a free service to assist through the process. Book a time: www.bookpci.com
Why Is PCI Compliance Important?
1. Security of Cardholder Data:
Protection Against Data Breaches: PCI compliance helps protect sensitive cardholder data from data breaches and cyber-attacks.
Reduced Risk of Fraud: By securing the cardholder data, businesses reduce the likelihood of fraud and fraudulent transactions.
Proactive Security Posture: Regular monitoring, testing, and updating security measures help organizations stay ahead of potential threats.
Customer Confidence: Customers are more likely to trust companies that secure their payment information.
2. Avoiding Financial Penalties:
Fines for Non-Compliance: Non-compliant organizations can face substantial fines from credit card companies and regulatory bodies.
Cost of Data Breaches: The financial impact of a data breach can be enormous, including costs related to legal fees, settlements, and remediation efforts.
Fines can be levied by payment card brands of up to $500,000 per incident for security breaches when merchants are not PCI compliant.
In addition, it is required that all individuals whose information is believed to have been compromised must be notified in writing to be on alert for fraudulent charges. As such, the potential cost of a security breach can far exceed $500,000 when the cost of customer notification and recovery is calculated.
What Is PCI Compliance?
PCI compliance refers to adhering to the Payment Card Industry Data Security Standard (PCI DSS), a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. This standard was established by the Payment Card Industry Security Standards Council (PCI SSC) and applies to any organization, regardless of size or number of transactions, that handles cardholder data.