Useful advice on PCI compliance requirements
When you are planning to have an point of sale terminal for credit cards or planning to have own payment gateway for credit cards, it is important to abide by PCI compliance requirements and ensuring that every requirement is met as failure to do so can prove very costly as banks might impose heavy fines on you.
No doubt PCI compliance is not easy to understand and you need to have basic knowledge about technical things. Moreover, implementing them is more difficult as though PCI compliance requirements are 12 in number but when you breakdown them individually, then the number comes to be 230. Further, when sub-requirements are again broken down into separate PCI compliance requirements, the final number comes to be 650. All of this makes it difficult for many PCI merchants to comply with PCI compliance requirements and end up paying fines.
A survey was conducted on understanding of PCI merchants about PCI compliance requirements and it was concluded that one in every two Tier 2 as well as Tier 3 merchants have admitted that they don’t understand PCI compliance requirements fully. If you feel that you are alone who is leaving everything on last minute, then don’t worry, 9 out of 10 merchants are on same page as you are but the bottom-line is that as a PCI merchant you have to comply to PCI compliance requirements. The best strategy is to be adopt a customized approach and understand and then implementing PCI compliance requirements one by one. Remember, Rome was not built in a single day but you have to get started. You can’t sit idle hoping that things will turn in your favour with a divine intervention.
Prioritizing PCI compliance requirements
You have to know which PCI compliance requirements have to be met on priority basis and which can wait for a little while. Though you might feel that 12 requirements can be implemented smoothly this is never the case and you should be ready to ready to face any issues which might come during anti-virus installation, firewalling, Logging, File Integration Monitoring, Audit Trials, Encryption or Device hardening. You will come to know that they are many threads which are running horizontally and one requirement has be to be met in order to meet that PCI compliance requirement. You have to plan as well as manage physical security, staff education and developing testing as well as development procedures.
At http://www.worldpay.us/247/pci-about-req.htm learn how to meet basic PCI compliance requirements.
Processing your request, Please wait....
