Is Your Business PCI Compliant?
Compliance is a crucial part of payment processing. Every company that processes credit cards, including small businesses, must stay up to date with PCI compliance requirements or risk legal penalties, security breaches, financial losses, and damage to reputation.
PCI DSS Compliance for Secure Payment Processing
At BAMS, protecting your customers’ payment data is a top priority. That’s why we require all merchants to become PCI DSS compliant within 90 days of approval, helping small and medium businesses achieve PCI compliance certification efficiently and securely.
What Is PCI DSS?
Industry-Wide Security Standards
The Payment Card Industry Data Security Standard (PCI DSS) applies to any business that stores, processes, or transmits credit card information. It’s designed to safeguard sensitive data and prevent breaches.
Compliance Required
Protect Your Business and Customers
BAMS mandates PCI DSS compliance within 90 days of approval to help merchants avoid costly penalties, protect sensitive customer data, and reduce their vulnerability to cyberattacks.
Backed by Major Card Brands
Trusted Across the Industry
PCI DSS was developed by American Express, Discover, JCB, MasterCard, and Visa to reduce cardholder data theft. It also covers mobile payment platforms, so if you’re wondering, “Is Apple Pay PCI compliant?” the answer is yes.
How do I become compliant with the PCI DSS?
As a merchant who stores, processes or transmits payment card data, you are required to be PCI DSS Compliant by the payment brands and BAMS. One of our experts will help your business become certified upon receipt of your terminal or virtual gateway. We will walk you through these two easy steps to PCI DSS Compliance:
1
Annual Self-Assessment Questionnaire
An annual Self-Assessment Questionnaire (SAQ) determines if you are taking proper precautions to protect your payment card data. Similar to an insurance questionnaire, it can be done via the Internet, or we can provide you with a copy of your SAQ to sign and submit for PCI Compliance.
2
Quarterly Security Scans
Quarterly security scans if your systems are connected to the Internet. The scans look for weaknesses that an attacker might use to access your systems. A PCI-Certified Approved Scanning Vendor (ASV), such as BAMS partner, ControlScan, must conduct these scans.
