Posted by admin on Mar 29, 2010

 

Overview of PCI

PCI DSS is the payment card industry security requirement for any organization that process, transmit and/or store cardholder data.  PCI DSS standards are endorsed by all the major card brands.

Compliance requirements are divided into four levels based on the number of transactions a merchant processes annually. Merchants fit in the following levels:

  • Level One:  Any merchant regardless of acceptance channel, processing over 6,000,000 transactions per year in a single card brand. 
  • Level Two: Any merchant regardless of acceptance channel, processing 1,000,000 to 6,000,000 transactions per year, in a single card brand.
  • • Level Three: Any merchant processing 20,000 to 1,000,000 e-commerce transactions per year, in a single card brand.
  • • Level Four: Any merchant processing fewer than 20,000 e-commerce transactions per year, in a single card brand.

Most frequent consumer information theft occurs at smaller merchants, levels two, three or four.

Using a good payment gateway, merchants can transfer some liabilities for compliance to the gateway.

Interested in PCI-DSS secure payment processing?

Contact info@paynetsecure.net today