PCI Compliance – What is it?

If you are a business owner and accepting credit cards at your establishment, you are probably familiar with the term PCI Compliance.

So what is PCI Compliance and how does it apply to the business owner?

In short, it’s “Payment Card Industry” Compliance, a security standard set up by our friends at Visa and MasterCard, which affects all having to do with credit card acceptance.

Resources on protecting sensitive customer data.

The Better Business Bureau offers an excellent introduction for business owners to review the security of their own data and their customer’s data, including a more detailed explanation of becoming PCI compliant.  So I encourage one and all business owners to carve out some free time (As a business owner you might be asking “Free time? What’s that?” Believe me, I understand…), grab a cup of coffee, tea, or kool aid, and read through this very useful and pertinant information below.  I am happy to answer any questions you may have, whether you are a client or not– feel free to contact us anytime!

Learn More On Data Security

A Brief Background on PCI Compliance

In 2008, a major credit card processor had found a “worm” in their processing network, which they found to have extracted 100’s of millions of credit card numbers along with their corresponding information.  This was the single largest credit card heist, since the inception of credit cards.  Many of us were affected by it, finding bogus transactions on our cards and having to contest charges, cancel cards, and wait for new cards– what a mess!  Regardless, this processor interestingly sent out a press release the day Obama was inaugurated, in January 2009.  Although PCI Compliance had been around at this time, Visa and MasterCard execs decided to “tighten the bolts” of Payment Processing security standards, incorporating mandatory security scans of every payment processor in existence, as well as requiring all merchants that accept credit cards to become “PCI Compliance Certified” through an online questionnaire, assuring that they are not improperly storing sensitive customer credit card information.

A Few Of Our Awesome Clients

Charleston Repeats is owned and operated by three local moms: Elizabeth Barnhill, Heather Gilbert, and Amy Walters. Born and raised in the Lowcountry, we love raising our children here.

Charleston Repeats
Charleston Repeats

Alicia Yarbrough is the Chef and President of Yummie Creations, Inc. Alicia was born and raised in Saluda, South Carolina and graduated from Saluda High School in 1990.

Yummie Creations
Yummie Creations

In 1997, Kelly Graybill started Tot Trade, a business that she has seen grow from 36 consignors to now over 1300 consignors! “And things continue to get better and better, growing season after season!”

Tot Trade- SC
Tot Trade- SC