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pci compliant payment gateway

PCI Compliance for Businesses

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Protect Your Business with a PCI-Compliant Payment Gateway

The bad news: The SEC reports that 60% of all cyberattacks are directed at small- to medium-sized businesses, making 60% of the attacked businesses fold within six months of the data breach.

The good news: PCI compliance helps you prevent data breaches, PCI noncompliance fines, and lawsuits. Plus, you can enhance your security measures by considering breach insurance, which adds an extra layer of protection to safeguard your business.

Secure Payment Solutions Training

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Our compliance team reaches out to merchants, with reminders requirements and answering your questions.
If you accept credit cards, compliance is mandatory. We help you make sure you've met all requirements.
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For only $5.95 per month, add $100,000 in breach insurance coverage.
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Innovation Aligned with Your Programs

Ready to have a forward-thinking partner who helps you grow your business?

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How Our PCI-Compliance Team Works with You

Maintaining a PCI-compliant payment gateway is complicated. Basys simplifies the process with expert guidance. Contact us today, and we’ll assign a dedicated, single point of contact to you. Once they have thoroughly assessed your requirements and addressed any concerns, our compliance team helps you achieve full PCI DSS compliance.

Basys offers breach insurance through North American Data Security RPG for any level 2, 3 or 4 merchant accounts. Add $100,000 worth of breach insurance for only $5.95 per month.

Frequently Asked Questions

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