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This is all easier said than done, but the important thing to remember is that there are experts available to help you navigate PCI so you can instead concentrate on your business. Here I share some of the frequently asked questions and queries we at Ingenico hear from merchants.
What are the potential issues for merchants around PCI compliance? Ultimately, non-compliance can result in fines and extra costs when processing card payments. However, even more importantly, if the merchant is a victim of a data breach exposing card holder sensitive data (card number, etc), then if the merchant’s PCI compliance is not up to date it may be liable to even larger fines from the schemes or the Information Commissioner’s Office. At its worst, we have seen some of the UK’s biggest retailers be slapped with fines reaching the £10 million mark and above.
What are the complexities involved with ensuring PCI compliance? The PCI standards evolve every three years and compliance must be maintained and reported on every year. So merchants must remain continually vigilant in order to remain compliant in a system that is fraught with complexities. Large merchants will need to work alongside specialist consultants
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“At its worst, we have seen some of the UK’s biggest retailers be slapped with fines reaching the £10 million mark and above.”
called Qualified Security Assessors (QSAs) who ensure that merchants uphold the 290 requirements defined by the PCI Council. To maintain these requirements, the merchant will have to put in place measures including network scans, penetration tests and staff training, while ensuring their payment devices are also managed properly.
How can Ingenico Enterprise Retail help simplify the PCI minefield? Ingenico Enterprise Retail payment gateways, both in store and online, have upheld the
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