Due to the increase in identity theft and fraud the Credit Card associations (VISA, MasterCard, American Express and Discover) have established the Payment Card Industry Data Security Standard (PCI DSS) for merchants. PCI compliance lists the requirements to ensure that credit card payment transaction details information and cardholder data is protected against theft and identity abuse leading to financial theft. All merchants who accept, process, or store credit card data are required to become PCI compliant by July 31, 2007, and verify this compliance.
The consequence of not verifying compliance includes:
- expensive recovery costs
- and/or the loss of a merchant’s ability to accept credit card transactions.
Compliance with these requirements will increase consumer confidence while reducing identity theft and fraud.
VirtualTrak Technologies has partnered with Hacker Safe’s Scan Alert who will provide this compliance service to VirtualTrak Technologies merchants “Free” for the first year and only $19.00 each following year.
In order to begin the process of becoming PCI compliant contact Scan Alert at 866-872-3011 and mention that you are a VirtualTrak Technologies merchant and provide code 1115. You may also contact Bankcard Central 800-331-8882 directly for additional questions.
Find additional information on PCI Compliance on VISA's website.