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		<title>PCI DSS compliance: Why merchants need to care</title>
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		<pubDate>Thu, 29 Apr 2010 15:30:07 +0000</pubDate>
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		<category><![CDATA[compliance]]></category>
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		<category><![CDATA[PCI DSS]]></category>

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		<description><![CDATA[<p>Merchants accepting credit cards in today’s fast-moving business environment should be aware of Payment Card Industry Data Security Standard (PCI DSS), a recent regulatory change that significantly affects the way credit card payments are processed. Many businesses are unaware that storing and handling sensitive credit card account data improperly can lead to large fines, corporate embarrassment and lost sales. In a worst-case scenario, merchants may be unable to process transactions in the future.  All businesses that process transactions are subject to these new regulatory standards, regardless of their size, industry, or processing history.</p>
<p>PCI DSS is a regulatory requirement that aims to increase credit card data security with payment processing. Becoming PCI DSS compliant can be difficult and complicated, and applies all companies that transmit, process, or store credit card account data. Even companies who do not intentionally store credit card data or who use professional POS systems are often unaware of the risks associated with a non-PCI compliant system. You can reduce the present risks by working with a payment processor who understands PCI compliance and who can help you upgrade your payment system to meet today’s standards.</p>
<h2>A real-life example</h2>
<p>PCI DSS compliance is complicated enough that even one of B.C.’s largest companies struggled with it; <a title="B.C. Ferries PCI DSS audit" href="http://www.theglobeandmail.com/news/national/british-columbia/B.C.-ferries-data-security-system-flawed-audit-finds/article1530219/" target="_blank">a recent Globe and Mail article</a> reported that B.C. Ferries recently discovered that they have “glaring deficiencies in the way in which the company is protecting sensitive customer credit card information.” Most notably, B.C. Ferries learned that after all payment transactions, their &#8230; <a href="http://www.versapay.com/company-news/pci-dss-compliance-why-merchants-need-to-care/" class="read_more">Read more</a></p>]]></description>
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