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Industry News

PCI compliance is worth its weight in ROI

By Joseph Trigliari

20/01/2010 - Investing in payment processing security is crucial now more than ever, because of the ever-increasing threats to network security, reported Tech News World.

The article urged businesses of all types to get PCI DSS certified, either through the self-assessment provided on the PCI Security Standards Council website or through an audit by a Qualified Security Assessor. The latter is required for businesses that see a certain number of payment processing transactions, though the number varies according to different credit card companies.

Though many merchants feel that PCI compliance is too arduous and expensive of a process - especially smaller merchants without a large IT budget - investing in payment processing security will pay off, said the article.

"If you treat PCI certification as a fixed-asset purchase, it will serve you over a long period and ensure the trust of your customers, which has a very definite ROI over a period of time," Tech News World reported.

The article also urged businesses with merchant accounts to go above and beyond PCI compliance, as it does not necessarily guarantee payment processing security.

The payment processing industry learned that lesson the hard way in the recent security breach of Heartland Payment Systems, which claimed it was PCI compliant at the time of the breach.ADNFCR-2514-ID-19568185-ADNFCR

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