pci compliant payment gateway

As an added level of security and protection, breach protection is an incredibly cost-effective choice. For only $5.95 a month, our $100,000 breach protection plan covers:

• Cost of the mandatory forensic audit.*
• Card replacement costs and related expenses.
• PCI DSS regulatory fines and assessments resulting from a breach.
• Cost of Account Data Compromise Recovery (ADCR) fines for credit card fraud.
• Software and hardware upgrades when ordered in lieu of a fine, under a sublimit of $10,000 per MID and $25,000 per Merchant.
• Breach notification expenses, under a sublimit up to $10,000.
• Drafting of notification letters.
• Printing and mailing expenses.
• Required media notifications (newspaper or radio announcement).

* In the event of a breach, the merchant will be billed for a forensic audit in conjunction with the breach. The breach protection would help defray this cost. If the merchant is found at fault, they lose the fraudulent refund and will also be responsible for the cost of the audit. Please take this into consideration before submitting a claim.

Merchants are categorized into different PCI levels based on their annual card transaction volumes, each with its specific compliance requirements:

• Level 1: >6 million annual card transactions
• Level 2: 1 to 6 million annual card transactions
• Level 3: 20K to 1 million annual card transactions
• Level 4: <20K annual card transactions

It’s important to note that your required level of compliance can also be influenced by factors such as a previous data breach or the potential information risk associated with your payment structure.

There are 12 PCI DSS requirements for your business to be compliant as you process credit card transactions, including but not limited to:

• Installation and maintenance of a firewall on your network.
• Powerful protection for data storage.
• Development and maintenance of secure information systems and applications.
• Tracking and monitoring all network resources and data access.

As a merchant planning to process credit card transactions, it’s essential to be well-informed about your requiredPCI DSS level and the specific compliance standards for your operations. Your Basys PCI compliance team can analyze your business needs, provide guidance and help you achieve the appropriate level of PCI compliance that provides maximum protection while minimizing operation and compliance costs.