At Bespoke Merchant Solutions, we understand it can be difficult...
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At Bespoke Merchant Solutions, we understand it can be difficult...
In the ever-changing landscape of small to medium-sized businesses (SMEs),...
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The Payment Card Industry Data Security Standard (PCI DSS), introduced in 2006, is a set of requirements that ensure that all companies that process, store, and transmit credit card information maintain a secure environment.
Each year businesses across the UK are sent the PCI DSS questionnaire. The questionnaire is complex and time-consuming, leaving many business owners feeling lost and unsupported.
PCI compliance is one of the most important aspects of a modern business. The importance of being compliant is ever-growing particularly with the transition to a more cashless society.
However, despite the importance of PCI compliance, 80% of UK businesses are not compliant. Failure to demonstrate compliance can result in a costly monthly fine of between £4000 to £80,000.
Furthermore, data breaches that are found to be the result of inadequate data protection can lead to severe GDPR fines.
To be PCI compliant, businesses need to demonstrate that they meet each of the twelve PCI principles. The 12 Principles are:
At Bespoke Merchant Solutions, we can source a trusted compliance manager who will work with you to understand your business. Your compliance manager will fill out the PCI compliance form for you and keep on top of compliance management, leaving you to get on with what you do best.
Contact us today using the form below if you have any concerns about your businesses PCI compliance, and our team of experts will be happy to help.
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