Am I required to be PCI Compliant? Part 2

By law? No. By your credit card processor? Yes.

In a nutshell, PCI DSS is a baseline information security program. The PCI DSS outlines security best practices like utilizing a security firewall and using password best practices. Merchants are required by their credit card processors to adhere to PCI requirements and are asked to attest their compliant status annually. The merchant’s processor may ask them to fill out an SAQ (self assessment questionnaire) or conduct a QSA-led (qualified security assessment) PCI assessment as part of the client’s annual compliance validation process.

Are There Penalties?

Yes. The penalty for refusal to adhere to the PCI DSS and the processor’s compliance validation requirements could result in significant potential suspension from credit processing networks and significant fines. These fines include chargebacks to the merchant, and potentially additional third party auditing costs.

It is more important now than ever to make PCI DSS a constant priority in all business considerations. The continuity the program provides will help ensure protection of cardholder data from malicious individuals. Because the world of digital transactions is ever-evolving, continuing to stay current with PCI practices is the best way to stay informed of the latest security practices.

Retail Data Systems Payment Services Receives Highest Honor from WorldPay

Alpharetta, GA:  Retail Data Systems Payment Services Division was awarded the highest honor at WorldPay’s Annual Awards Dinner last month in Alpharetta, GA. RDS General Manager Tom Wilyard accepted the honor for 1st Place MSP Volume, awarded to the #1 Independent Sales Organization (ISO) with the largest volume of card processing transactions in the U.S. with WorldPay. This collaboration spans the restaurants, grocery, retail and convenience store industries.

Tom Wilyard

Pleased with the recognition, Wilyard had this to say, “This year’s success is due to our RDS branch partners and staff who have continuously strived for excellence with deployments, training and support for encrypted POS transactions. Worldpay continues to share our commitment to our clients by providing excellent communication, support and feature rich products to RDS and our clients.

Retail Data Systems is the largest provider of Point Of Sale Hardware and Software, in North America. Founded in 1950, RDS now operates over 25 offices serving customers across the nation providing complete Point Of Sale technology. Our team of over 400 professionals assure our customers of the best 24/7/365 service available. Our list of industry leading POS hardware and software products provide a variety of solutions for companies large and small. For more information, please visit rdspos.com.

Worldpay is a global leader in payments processing technology and solutions for our merchant customers. We operate reliable and secure proprietary technology platforms that enable merchants to accept a vast array of payment types, across multiple channels, anywhere in the world. For more information, please visit http://www.worldpay.com.