As you may be aware, the five major credit card networks established the Payment Card Industry Data Security Standards (PCI-DSS) as a set of requirements for merchants to use when configuring their IT and payment-processing environments. If you store, process, or transmit cardholder data, your company may be subject to these requirements.
Merchants must comply by July 1, 2010, or risk losing the ability to process credit cards. For complete details on these requirements, visit the official PCI Security Standard Web site at: http://pcisecuritystandards.org.
Check back soon for more information on this important topic!
- Brian Terrell, CPA and Managing Partner