Payment Card Industry PCI Data Security Standard Compliance

2007-03-08 10:33:40

( Business )



Payment card industry PCI data security standards is a program that has been introduced by a number of credit card merchants, including Chase Visa payment cards, in order to fight debit and credit card fraud amongst merchants. Strict measures have been imposed on how a credit cardholder’s data should be kept and handled. A credit card merchant who is caught to have been guilty of non-compliance on any of the payment card industry PCI data security standards will be liable to pay penalty fees, and a possible cancellation of the merchant account.

In order to ensure compliance of the payment card industry PCI data security standards, you will need to follow a number of requirements:

You will need to build and maintain a secure network by exercising all measures to properly maintain a computer security firewall to ensure all card data is protected. Creating your own passwords for your network can also help maintaining a secure network.

Regular checks and tests must be done to all cardholder information, access to the card network, and its security systems.

You will need to have a well maintained anti virus software and information security system.

You must be able to transmit cardholder information and sensitive data in an encrypted manner to various networks while being able to protect the data that is being sent.

You must be able to maintain and practice strict measures in allowing certain personnel to access cardholder data on a need-to-know basis. An employee who is given access to cardholder data must be assigned a unique user ID.

Aside from these requirements, all card merchants must also adhere to a validation compliance that will show and prove that the merchants have complied with the above requirements. An annual compliance check for payment card industry PCI data security standard is normally done to ensure the public of secure card transactions, consumer protection against identity theft and ensure member merchants of a solid reputation when accepting card payments.


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