An APCO merchant processing agent is educating viewers on PCI fees. f you are a merchant who accepts credit card payments for goods or services, you may have noticed a PCI compliance fee on your merchant account statement recently. When you first noticed this additional charge, you probably asked yourself, "What is this fee and what service does it cover?" If you are a merchant who has taken the necessary steps to ensure your business is PCI-DSS (Payment Card Industry Data Security Standard) compliant, this charge may appear to be a misnomer. Should it, or more appropriately does it, still apply to you? Before looking at this issue further, it is important to first address what PCI compliance is and what affect it has on you, the business owner. PCI Compliance and what it Means for Your Business You may or may not be aware of the fact that since June of 2008 it has been required that all merchants who accept credit card payments for purchases must be PCI-DSS compliant. In a nutshell, this is a security measure developed by the PCI Security Standards Council to curtail the loss of cardholder data. At the most elemental level, it is now mandatory that you fill out a questionnaire and have your networks scanned quarterly for vulnerabilities. However, this is just the tip of the iceberg. According to the PCI Security Standards Council website, PCI DSS is "a set of comprehensive requirements for enhancing payment account data security...developed by the founding payment brands ...
Tags: PCI Fees, Become Compliant, Wholesale, processing
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