The Merchant Processing Guru Tip# 28: PCI Compliance – Where to begin?
You could say the first place to begin is to identify what level of merchant you are, so you know what is required of you. See the chart below so you can determine what level you fit in to. Don’t be fooled by the chart though, most level 3 & 4 merchants look at the chart and think that they only have to complete a “Self Assessment Questionnaire”, have a quarterly scan completed on their network every quarter by a PCI approved vendor and validate PCI compliance with the Acquirer. This is not necessarily true as they are assuming at this point that you have completed steps 1 thru 12 of the PCI requirements. If you have not gone through each one of these requirements and fulfilled every requirement then you are not compliant! I will go through each of these 12 requirements in my next several posts and explain the steps you need to take in each one to help you understand what you need to do to become compliant.
Meanwhile a really good white paper was released last Monday by ControlScan, a leading authority in the PCI compliance space, that explains the main steps a merchant should take to become PCI compliant. It is a great overview of the best practices any merchant should take. It gets a little technical in places but don’t let that alarm you, this information can help you hire the right IT or PCI Security people to help you take the steps necessary to secure your network. Basically, if you need help becoming PCI compliant get the help, it could mean the difference between building a thriving business or going out of business, it’s that simple!
Here is the link to the white paper from ControlScan:
Russell Harverson has over 9 years experience in the credit card processing industry and has build a reputation for “being there” for all his merchants! The goal of The Merchant Processing Guru is to provide you with the right, cost effective processing solution for your individual business needs, no matter how large, small or different, he has done it all. He is your Guru of Merchant Processing, shedding light on the credit card processing industry. To contact him via email: [email protected]
Or call him at: 1-888-368-GURU (4878)