If your business takes in your clients’ and customers’ financial data, then chances are PCI applies to you. The Payment Card Industry Data Security Standard, or PCI, is a set of rules regarding how businesses process credit card data. It also governs how they secure and hold this sensitive information after the transaction has been completed. If your company processes, holds, or passes along any credit card data, this regulation almost certainly applies to your business.
The goal of PCI is to eliminate consumer credit card fraud. In order to keep fraud at a minimum, there are certain standards and regulations that you must meet regarding how you hold the credit card data. At Guidance Consulting, we understand the trust that your clients and customers have placed in you, and we know that you need to stay compliant not just to follow the law, but because it’s the best thing for your business.
To comply with PCI, we can help you:
Review the IT side of the Payment Card Industry Data Security Standard Examine how your business handles sensitive credit card data Develop a plan to ensure that you are compliant with PCI Integrate this plan with the rest of your IT security needs Regularly reassess your approach to PCI as your business evolves
In order to comply with the Payment Card Industry Data Security Standard, your company must not only follow the regulations, but also submit to an annual assessment to make sure you are in compliance. By contracting with major credit card issuers, you are contractually obligated to keep your processes and records in compliance. If your company isn’t complying with these regulations, the credit card companies may require audits, fine you, or terminate their contracts with you. At Guidance Consulting, we understand the significance of this risk, and we will work with you to ensure your data is in compliance with PCI through innovative and secure IT solutions..