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Over the last several years, credit card theft and data breach have been on the rise. Any business accepting, processing, transmitting or storing credit card information is at risk of costly litigation, high fees, brand damage and other long-term negative consequences. In a recent study, “Nearly half of the surveyed organizations suffered at least one security incident in the past 12 months,” costing on average $188 per record stolen.

Your business must be PCI Compliant to protect your customer’s data information from theft and to keep your reputation with acquirers and payment brands — the partners necessary to do business.
What is PCI Compliance?

What is PCI Compliance?

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The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that all companies that accept, process, store or transmit credit card information maintain a safe and secure environment for consumers.

What Does Being PCI Compliant Mean?

In security terms, it means that your business observes the PCI DSS requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. In operational terms, it means that you are making sure your customers’ credit card information is kept safe throughout every transaction, and your customers can have confidence that their payment card information remains protected against the hassles and costs associated with data breaches.

Becoming & Staying PCI Compliant

TouchSuite helps you bring your business into compliance. All of TouchSuite’s product lines and services are fully compliant, making your transactions safe and secure for your firm and your customers. Take the first step toward minimizing risk and protecting your clients’ valuable private data. It’s one of the best things you can do for your business.

Additional Benefits of PCI Compliance

Being PCI compliant can assist you in becoming more secure and enables you to protect your business.

  • Through complying with PCI Security Standards, you will likely be better prepared to comply with other regulations such as HIPAA and SOX.
  • You will have a basis for a database security strategy.
  • You will likely improve efficiency in your IT security infrastructure.