PCI Compliance & Payment Processing
PCI Compliance is extremely important for payment processing. The Payment Card Industry (PCI) Data Security Standard is a worldwide standard for payment card and consumer financial data protection. Put more simply, PCI is a set of rules and regulations put in place to safeguard credit card data. It incorporates the requirements of the Visa USA Cardholder Information Security Program (CISP) and the Visa International Account Information Security (AIS) program, the MasterCard International Site Data Protection (SDP) program, as well as the security requirements of American Express DSS, DiscoverCard DISC and the Japan Credit Bureau (JCB). The major card companies (ie VISA and MasterCard) require all merchants (businesses, non-profits, schools, etc.) who process credit cards to adhere to the PCI compliance security standard.
What does PCI Compliance mean for my organization?
Every merchant that accepts credit cards must adhere to PCI. If you accept credit cards online, you have the responsibility to follow these regulations. You can rest assured that DoJiggy is fully PCI compliant. But the requirement also relates to merchants, ie schools and non-profits organizations, in addition to your merchant services provider and your online fundraising software provider maintaining compliance. You, the merchant, also must take on this responsibility. Luckily, we have made it easy for you!
How do I show compliance?
Our payment processing underwriters take PCI compliance very seriously and have developed programs and standards to assist you. Please review the standards and fees for your underwriter.
Total Merchant Services (TMS) PCI Compliance :
TMS has created a PCI compliance website to assist merchants in reviewing security standards and requirements. All merchants are required to complete the required self-assessment questionnaire. You may do this by phone or by submitting the supplied form. More information and a download of the Self-Assessment Questionnaire are included on this page.
If more complex levels of compliance assistance are required, TMS has partnered with Trustwave to provide scanning and additional support.
There is a $4.95 monthly PCI fee on TMS accounts, but it is waived for the first year of service. Non-compliance will result in additional fees, incurred monthly until the organization comes into compliance.
North American Bancard (NAB) PCI Compliance :
Your organization will be contacted by My PCI after the first 30 days of service. This provider can run the required security scans for your organization and make sure that you are compliant. They will advise you of any issues you may have meeting your PCI compliance requirements. There is a $79 annual PCI compliance fee for this compliance standard, which will appear on your merchant services billing statement during your 4th month of processing. If you choose not to work with My PCI, you are required to complete the scans and a merchant fee of $99 will be assessed. Merchants have 90 days from sign-on to show PCI compliance.