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Welcome to PCI Compliance 101
The PCI (Payment Card Industry) compliance standard applies to all organizations or merchants that accepts store, process or transmit or payment cardholder data. If any customer of an organization pays the merchant directly using a credit card or debit card, then PCI DSS compliance regulations apply.
Is Your Institution PCI-DSS 2.0 Compliant for 2014?
The PCI Data Security Standard (DSS) includes requirements for security management, policies, procedures, network architecture, software design and other critical measures. The PCI DSS 2.0 standard is intended to help businesses customer credit card account data.
All merchants that electronically store payment cardholder data post-authorization or has external-facing IP addresses with Internet connectivity must submit to and complete a network vulnerability scan every 3 months by a PCI SSC Approved Scanning Vendor (ASV).
All merchants that store, process or transmit payment cardholder data fall into one of four levels based on aggregrate Visa transaction volume over a 12-month period.
PCI Merchant Level 1:
Any merchant processing over 6,000,000 Visa transactions per year.
PCI Merchant Level 2:
Any merchant processing between 1,000,000 - 6,000,000 Visa transactions per year.
PCI Merchant Level 3:
Any merchant processing between 20,000 - 1,000,000 Visa transactions per year.
PCI Merchant Level 4:
Any merchant processing fewer than 20,000 Visa transactions per year.