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The subject of credit card processing is not one of the favorites of any merchant. Each month, when they receive their statement in the mail, they cringe at the fees they've had to pay for this "privilege" of accepting credit cards for payment. This blog is meant to provide a more thorough understanding of how the industry works, what makes up the fees that you are paying and how you can improve on them. So, come by often or, better yet, subscribe to the RSS feed below and you'll be notified any time there is an update.

Thursday, October 1, 2009

How Compliance Affects You

Are You Protecting Your Customers

Did you know that 92% of card data compromises take place in small businesses with low volume? Many merchants think that the majority of data compromises take place utilizing internet transactions. In fact, 70% of the compromises take place at brick and mortar businesses rather than on the internet. As a business owner, you absolutely need to make certain that you are compliant with PCI DSS standards. Just because your credit card processor is billing you for PCI compliance fees, does not certify that you are specifically compliant.
The opportunity to process credit/debit cards is a great way to grow your business and give your customers the payment options they have become accustomed to. In order to make the most of this opportunity, your customers have to trust that their card information will be handled in a responsible manner and that they can safely utilize these cards for purchases. We all share in the opportunity to demonstrate that credit/debit cards are a safe and convenient way to pay.
Merchants today are at risk for lawsuits and fines from the card associations for any type of data breach. In addition, the reputation of your business can be placed at serious risk if it becomes publicly known that your customers’ card information has been compromised."
Do yourself, and your customers a favor and CLICK HERE to get compliance facts. There you will find a checklist that will guide you thru important issues that you need to be aware of and will point you to specific corrective actions that you should take.