If you recently signed up to accept credit card payments with one of our ISO payment processing companies NJ or directly with our payment technology company head office located in Central, NJ, part of accepting credit cards and your onboarding process includes PCI compliance.
We know you already have a lot on your plate so we’ve put together step by step instructions to help you get compliant as quickly and easily as possible, wearing the hat of the PCI compliance manager.
The job of a PCI manager requires ensuring businesses are PCI compliant. Your business should want to be PCI compliant but if you are new PCI or entrepreneurship, you may be asking, “what is PCI?”
The PCI definition is best illustrated by Investopedia:
Payment card industry compliance (PCI) refers to the technical and operational standards that businesses follow to secure and protect credit card data provided by cardholders and transmitted through card processing transactions.
If you are ready to get straight to completing the PCI compliance process, scroll down.
As a business owner, security should be one of your top priorities. A breach or theft of cardholder data comes with that are not worth risking:
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As noted by the PCI Security Standards Council, hackers want your cardholder data. By obtaining the Primary Account Number (PAN) and sensitive authentication data, they can impersonate the cardholder, use the card, and steal their identity. PCI is very common in the merchant services industry and is important part of accepting credit cards.
Thieves steal data from:
In order to help prevent cardholder data theft, protect:
What is a PCI Compliance Fee?
There is a PCI fee that is applied to all merchant accounts that are not compliant. The fee has also been referred to as the PCI DSS Compliance Fee or a PCI non compliance fee. It’s a non-refundable fee that is charged to accounts until they become compliant. The fee is imposed by the Payment Card Industry Data Security Standards Counsel (PCI DSS). Some of the funds accrued from fees help pay for ongoing payments security including fraud fighting.
How Much is a PCI Compliance Fee?
The PCI fee at Priority Payments Systems Local is billed up to $24.95 per month until compliance standards are met. Some payment processing companies list this fee on merchant statements as a security fee or a regulatory fee.
Step by Step Guide to Becoming PCI Compliant with Priority Payments
Log into your MX Merchant account with the username and email that was sent to you from our support team when your account was opened.
Then, activate the ControlScan app by selecting the app and ACTIVATE.
You will be prompted to create a username a password. It can be the same username as your MX Log in to make remembering your information easier. Once your username is created, re-enter your email address and a link will be sent to your email.
You will then be prompted to change the password and answer three security questions. Now, you’ll go back to MX merchant, select ControlScan again, and select Sign In.
Use your new log in information to access ControlScan.
To start your questionnaire, click on the button that says Click Here.
The introduction offers a brief explanation of what the PCI compliance process is.
Verify that all your company information is correct. The form should auto-populate for you.
If it does not, please add the requested information. You will be promoted with fields that include:
Then click Next.
You will be asked if your company has a relationship with one or more third-party agents, web-hosting companies, airline booking agents, loyalty program agents, etc. Select and answer NO.
You will now be asked to select your merchant type. If you are unsure what type of business you have, contact us at 800-717-1250 or firstname.lastname@example.org. Examples include:
When you get to the qualified integrator question you will be asked if your company utilizes a QIR to implement, configure, and/or support payment application. Select “No” then “Next.”
You’re almost done, stay with us!
You will be presented with these six processing methods:
Choose the method that best describes how to process payment and then select Next. For example, if you use a standalone terminal you will select Payment Terminal or if you use an online gateway, you will select Virtual Terminal.
You will now be prompted to select Yes or No in response to if your business electronically stores credit card numbers.
You will be asked if you agree with a list of statements. Select Yes to agree then Next.
You will be asked if you have anti-virus software deployed on all systems that are commonly affected by malicious software. If you do not, install it now and then select Yes and Next.
Once you get to the questions and are given the option to select true, false, or not sure, answer accordingly.
Located in the middle bottom of the screen, you have the option to select Auto Advance so you don’t have to keep clicking the NEXT icon.
If You Have Multiple Locations: Once you complete the survey one time, contact our client services team at 800-935-5961 and ask the team link your PCI Compliance Survey for each of your locations which will keep you from having to take the survey multiple times.
Now, you’ll see this screen and will need to follow the prompts.
Once you have completed your PCI Compliance Survey, make sure that you complete the merchant attestation. If you do not complete the attestation for both the PCI Compliance and the quarterly scan, your survey will not process and as a result, will not be finalized. Should you need assistance, we can be reached at 800-717-1250 or email@example.com.
Remember: PCI compliance is an important part of accepting credit cards and is designed to help keep your business safe. The time it takes now to complete PCI outweighs the risks that could result in PCI non-compliance.