MerchantService.com Releases New Video: PCIDSS Compliance Mandatory for Credit Card Merchant Accounts
SARASOTA, Fla., April 20, 2011 /PRNewswire/ -- MerchantService.com, a leading provider of merchant account services, is pleased to announce they have released a new video and article on their website titled "PCI DSS Compliance Mandatory for Credit Card Merchant Accounts." The article focuses on the required compliance to Payment Card Industry Data Security Standards (PCIDSS) for all merchant account holders, the potential penalties and fines caused by non-compliant credit card processing, and some important guidelines for meeting PCIDSS regulations.
Many vendors don't realize that owning a merchant account means abiding by the regulations set forth by the Payment Card Industry Security Standards Council, or PCISSC. "The PCISSC should be taken seriously because each member of the council represents each of the major credit card companies," said Gino Kauzlarich co-founder and owner of MerchantService.com.
"American Express, Discover, JCB, MasterCard, and Visa, are all on this council, so for merchant accounts and credit cards, what they say, goes," explains Mr. Kauzlarich.
The PCI council creates and maintains the PCI Data Security Standards, which consist of 12 requirements meant to shield consumers and protect financial information. Says Mr. Kauzlarich, "Nowadays you have credit card fraud, identity theft, merchant account factoring, and class-action lawsuits as a result. Be careful and follow the guidelines closely."
Penalties ranging from $10,000 to $600,000 await those who are not in compliance with the PCIDSS regulations. Credit card processing privileges may also be suspended permanently.
"There are a lot of things that can go wrong using a credit card machine to process transactions. Most times the mistakes people make are not even intentional, so affiliating with a good merchant account provider can help them navigate these potentially hazardous waters," says Mr. Kauzlarich.
For more information on credit card processing merchant account services from MerchantService.com, call toll-free 888-288-3816, or visit www.MerchantService.com.
To read the article "PCIDSS Compliance Mandatory for Credit Card Merchant Accounts," please visit: http://www.merchantservice.com/merchant-account-blog/index.php/2011/04/pci-dss-compliance-mandatory-for-credit-card-merchant-accounts/
Full press release available here: http://www.merchantservice.com/merchant-account-blog/index.php/2011/04/merchantservice-com-releases-new-video-pci-dss-compliance-mandatory-for-credit-card-merchant-accounts/
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MerchantService.com provides leading edge credit card processing and business management solutions to merchants through a consultative approach by educating merchants on credit card interchange fees and practices to ensure they are receiving the best possible rates when accepting electronic payments. MerchantService.com delivers expertly consulted merchant account services with a focus on increasing merchant bottom-line profits.
SOURCE MerchantService.com
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