All retailers accepting credit cards have an obligation to protect that sensitive data. However, it’s more than just an obligation. It’s a requirement put in place by the PCI Security Standards Council, an industry group that governs credit card processing regulations.
The goal of PCI is to reduce identity and credit card theft and to protect the consumer. To this end, all merchants must maintain in-store security systems to protect their customers’ data. This includes making sure your POS system is compliant under the 12 points of the PCI-Data Security Standard.
The next deadline is July 1, and it states that all merchants must be using an audited and approved point of sale system from the VISA list here: www.visa.com/cisp
If you are using an older application you run the risk of fines and penalties from your processor, and ultimately you may be cut off from the processing network.
You can read more about it here: http://www.capretail.com/pci.html
Don’t wait until it’s too late, get your system up to date today. If you need help, you can always contact CAP and we’ll get you taken care of.
