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PCI Compliance – Why Merchants Need To Take It Seriously – Part I

March 22, 2010 Posted by Michael Brooks in Industry Compliance

Having a merchant account comes with responsibility.  While a merchant may be concerned with revenue and how to grow its business, payment card industry (PCI) compliance should be at the top of the list as well.  The main purpose of PCI compliance is data security, which applies to any party involved in processing credit card transactions.  Not following the rules – or practicing risky activities – can result in card association fines and can also put a merchant account in jeopardy of being terminated – not to mention data breaches that may occur.  A merchant account termination can be detrimental to any business accepting credit cards – especially if they operate purely online. Continue reading "PCI Compliance – Why Merchants Need To Take It Seriously – Part I"