The Payment Card Industry Data Security Standard (PCI DSS) is an evolving set of requirements designed to ensure that all organizations and merchants that process, store, or transmit credit card information maintain a secure Cardholder Data Environment. Complying with the PCI DSS is mandatory but also serves as a sound business practice. This white paper from Datapipe offers valuable insights that can help you selecting the right service provide for PCI Compliance.
Companies that fail to protect consumer credit card data experience serious repercussions including fines and lawsuits from non-compliance, as well as revenue loss, brand damage, and decreased market share due to customer dissatisfaction. Major credit card companies also reserve the right to prohibit the offending merchant from processing credit cards altogether. As a business grows and conducts an increasing number of annual credit card transactions, it is subject to increasingly complex compliance requirements.
Achieving compliance in-house requires a significant level of expertise, and maintaining compliance quickly becomes resource intensive. As a result, outsourcing PCI compliance solutions to managed service providers has become a popular business trend in recent years. However, you need to be careful as not all PCI DSS service providers deliver a comprehensive compliance solution.
As businesses seek to thrive in a digital economy, safeguarding consumer credit card data has become mission critical. This white paper will help you in selecting the right provider to enable achievement and ongoing compliance with PCI DSS. Click here to download this white paper.