At NISC, your security and the security of your customers’ confidential information, including credit card data, is extremely important to us. For that reason, we do our best to provide payment solutions and services that are not only Payment Card Industry (PCI) compliant from NISC’s standpoint, but that will assist you in meeting your PCI compliance requirements.
A lot of people, though, think that PCI compliance may not pertain to them. Common misconceptions are that if an organization is not storing credit card data, or do not generally process a large amount of credit card data, they don’t have to worry about compliance.
This is not true. Operating solutions outside of PCI compliance standards can result in fines from regulatory agencies, legal fees and fees from other financial institutions, extra compliance work and a loss of trust from your membership. According to First Data, the average cost of a security breach is $5.5 million. 78 percent of customers said they would not shop at a store if they knew it had suffered a card-data compromise.
While NISC does our best to provide PCI-compliant solutions, compliance doesn’t stop there. PCI compliance requires that a Self-Assessment Questionnaire (SAQ) be completed by all merchants that process credit card payments. The SAQ requires answering questions to procedures and processes that pertain to your organization specifically.
NISC is working with First Data to provide a solution to help our Members understand and meet PCI compliance requirements. The First Data Rapid Comply Solution provides an easy to use online guide featuring a step-by-step, self-guided approach to help you complete the SAQ, pre-filling many of the answers, and provides integrated network scanning if required.
In an increasingly digital world, being able to take payments securely and offer your Members the assurance of a secure transaction is critical. The First Data Rapid Comply solution is the first step to ensuring your organization is PCI Compliant.