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The 411 on PCI

November 1, 2015

Riverside Payments takes our merchants’ security extremely seriously, which contributes to the low rates we are able to provide our clients—because the lower the risk, the lower the rate! PCI Compliance is one of the ways we get you to the highest level of security available.

What is PCI?

PCI DSS stands for Payment Card Industry Data Security Standard.  A PCI Security Standards Council enforces a set of requirements designed to maintain a secure environment throughout the transaction process, protecting card holder data. Any organization processing, storing or transmitting credit card payments no matter how small or large their business, must become PCI compliant.

How do I become PCI Compliant?

Becoming compliant is not a one-time event, but an ongoing process. It involves assessing, fixing and reporting any vulnerabilities your business may have. A Self-Assessment Questionnaire (SAQ) is required once per year to provide validation that you are in compliance with security standards.

What if I’m not Compliant?

Compliance is mandatory. Read over your merchant statement fees page. You are probably getting charged a non PCI fee every month, which can add up to big bucks over the course of the year!

There can also be steep consequences if you suffer a data breach such as liability that includes penalty fines, or even law suits—not to mention damage to your reputation, which can lead to loss of revenue—all of which could have been avoided with the proper security measures that compliance affords.

At Riverside Payments, we realize your annual survey is a pesky inconvenience you dread with a passion, which is why we do everything in our power to help you with the process so that you don’t get charged those costly penalty fees. So, the next time you are due for your SAQ…remember, Riverside is here to make the process effortless.




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