Foresite helps businesses develop compliant payment solutions that increase consumer confidence, provide economic stability, and scale with growth.
The PCI Security Standards Council (PCI SSC) is an open global forum that was originally launched in 2003 for developing, maintaining, and managing standards for credit card merchants and payment applications. Today, if businesses intend to process, store, and transmit credit card information, they must meet numerous requirements, known as the Payment Card Industry Data Security Standard (PCI DSS).
PCI compliance standards apply to any company or organization that accepts, transmits, or stores cardholder data, regardless of the number of transactions. This means that many organizations require PCI compliance and should take steps to ensure that they have the proper systems in place to avoid penalties.Who must meet PCI compliance standards?
What are the PCI compliance requirements?
There are four different levels of PCI compliance requirements, based on the volume of transactions that your business will be processing. Certain standards apply to all businesses, regardless of transaction volume. All organizations must be PCI DSS compliant, which dictates regular monitoring and testing of their networks.
Most level 2 merchants and all level 1 merchants that process greater than $6 million are required to have annual audits performed by a Qualified Security Assessor (QSA). Additionally, any merchant that accepts information online (e-commerce) is required to complete a vulnerability scan by an Approved Scanning Vendor (ASV).
How can Foresite help with PCI compliance?
Foresite’s expert PCI compliance consultants will work with your team to overhaul your cardholder data collection and storage practice to ensure that you are in complete PCI compliance. We will also help you implement policies that put your company in position to maintain PCI compliance in the future. Our consultants can identify potential issues that could affect your PCI compliance and implement policies that resolve those issues. We provide expert advice and guidance on all PCI compliance issues, including the education of your current teams.