Aug 13, 2024 Filed under: Credit Card Processing, PCI Compliance What Is A Chargeback? Chargebacks happen to every merchant. In fact, you probably won’t be able to eliminate all chargebacks as long as you keep accepting credit cards. The best you can do is to contain them and reduce...
If you accept credit cards from your customers, then you must be PCI compliant. Many payment gateways and online payment processing solutions may claim that their credit card widget excludes you from worrying about PCI compliance. This is not true. Even if you are using a third party to handl...
Anyone who accepts cards as a form of payment must comply with PCI requirements. This includes debit or credit cards, online and over-the-phone transactions. There are four different levels of PCI compliance. The level a business must meet depends on their transaction volume. Level 1: 6M+ tr...
become the norm over the past several decades, the PCI Council was formed to address the technical and compliance safeguards that merchants and payment processors can put into place to protect customer data, prevent theft and fraud, and maintain consumer confidence in credit card payment processing....
Anyone who accepts cards as a form of payment must comply with PCI requirements. This includes debit or credit cards, online and over-the-phone transactions. There are four different levels of PCI compliance. The level a business must meet depends on their transaction volume. Level 1: 6M+ tr...
Compliance is a requirementlaid down by the card schemes (Visa, MasterCard, Amex etc.) If your business is not compliant, then the acquiring bank which processes your credit card transaction can issue fines and eventually suspend your account. You could also be liable for any fraud on cards ...
Starting from March 31, 2024, all PCI DSS assessments will be mandated to adhere to the PCI DSS 4.0 compliance standardThe Payment Card Industry Data Security Standard (PCI DSS) is a set of industry-mandated requirements for any business that handles, processes, or stores credit cards – regar...
How is PCI compliance enforced? PCI compliance is enforced by the credit card brands responsible for payment processing. When a merchant (e.g., someone who accepts payment cards as a payment method for goods and services) makes a certain number of payment card transactions per year, they are...
HMS offers a PCI Compliance service included with all merchant accounts. Host Merchant Services never charges non-compliance fees or annual PCI compliance fees.
PCI compliance standards require merchants and other businesses to handle credit card information in a secure manner that helps reduce the likelihood that cardholders would have sensitive financial account information stolen. If merchants do not handle credit card information according to PCI Standards, t...