Merchants That Need To Adhere To the Norms Meant for PCI DSS Compliance Services
The PCI DSS leaves a strong impact on the different payment card processing entities. Such entities may include issuers, acquirers, service providers, processors, and merchants. An entity may be involved in transmitting, processing, and storing of sensitive authentication data or card holder information.
Most of the merchants are obligated to maintain strict adherence as per their contract. The merchant is bound to remain compliant towards the card network norms or PCI DSS based on the card processing agreement.
Do the PCI DSS Compliance Services Vary Between States?
Numerous states have started upgrading the data security statues by including the PCI DSS. Washington, Nevada, and Minnesota are among the compliant states. The laws of such a state might compel the data collection agencies to abide by the current norms present in the latest PCI DSS version if they receive payments (through payment cards) against sale of services or goods.
In the event of data breach, the merchants are able to develop a unified defense in compliance with PCI DSS. The PCI DSS extends a sign of great care as per the industry standards. It has a uniquely illustrated description in some states. A vendor, business or processor remains free of any data breaching liability if it’s listed amongst the certified PCI DSS compliance services at the time of such a breach.
Consequences of Not Complying with the PCI DSS
Various payment brands will make it mandatory for their network members to abide by the PCI DSS norms. The penalties against non-compliance may differ in the form of network membership cancellation, charge-backs and other economic remedies besides meeting fines and other charges.
Lack of good care can dash your dream to be listed among services that are PCI DSS compliant. It helps in fulfilling the claims of others that are attempting to put the data breaching liability on the non-compliant network participant.