Alexandria, VA (PRWEB) September 10, 2009
PCI Free announces free PCI (Payment Card Industry) solutions and resources. Merchants and small business owners can save both time and money with free PCI compliant merchant solutions for small business. If your business accepts or processes payment cards, it must comply with the PCI DSS (Payment Card Industry Data Security Standard). All businesses and merchants that store, process and or transmit card holder information are required to be PCI compliant or face costly fines of up to $500,000.
Payment Card Industry Data Security Standards (PCI DSS) are a set of requirements for enhancing data security. This originally began as five different programs: Visa Card Information Security Program, MasterCard Site Data Protection, American Express Data Security Operating Policy, Discover Information and Compliance, and the JCB Data Security Program. Each of the credit card company's intentions were similar with an intent to create an additional level of protection for customers by ensuring that merchants meet minimum levels of security. To facilitate the broad adoption of consistent data security measures on a globally the Payment Card Industry Security Standards Council (PCI SSC) was formed. Through the Security Standards Council the major credit card companies aligned their individual policies to release the Payment Card Industry Data Security Standard.
While no one will argue the need to protect customers private and financial information, many small business owners and merchants believe that the compliance standards are little more than new revenue stream for merchant processors to charge small business owners with another fee. Many small business owners have little information about the compliance process and as a result wind up paying their merchant processors inflated PCI compliance fees. Merchant processors have been charging merchants and small business owners up to 300.00 for PCI compliance. Completing a form is frequently all that is required for many merchants to meet the new compliance standards, charging small business owners 300.00 for nothing more than completing a form is excessive, to say the least.
PCI Free offers payment card industry compliance solutions and resources for small business owners. Merchants and small business owner's can find easy to understand guides, simplified compliance procedures along with PCI compliant merchant processing solutions.
With today's economy merchants and small business owners are required to thoroughly evaluate operating costs, merchant processing fees is an area frequently overlooked. Evaluating and comparing merchant processing solutions for your small business can be well worth the time it takes and result in considerable savings for your company.