Mid-Market Commercial Firms: Are You PCI Compliant?
According to industry sources, "œthe average corporation under budgets PCI (Payment Card Industry Compliance) by 40%". Any company, from mom and pop shops to Fortune 50 corporations that processes credit card information needs to be PCI compliant. Penalties for non-compliance are severe and are enforced by banks such as Visa, MasterCard, American Express and others through fees plus increases in transaction cost. For the mid-market, a doubling of the transaction fee charge will have a much larger impact on its cost to productivity. Terry Quinn-Andry, Compliance Solutions Manager for Cisco Systems joins me to discuss PCI requirements for mid-market corporation. We'll explain PCI benefits, exposure of non-compliance and how to avoid penalties.