PCI DSS Compliance for Retailers in Australia - The Facts

 If your retail business is accepting or processing payment cards, you have to be aware of the security standards you are required to meet. Likewise, it’s crucial that you understand and apply them to your business, so you can securely process card payments and protect customer data. One of the standards retailers must consider is PCI DSS compliance in Australia. The Payment Card Industry Data Security Standard has the requirements that will simplify the way you ensure the security of every customer’s card information. Here are some important facts to help you understand PCI DSS better:

What you need to know

By meeting PCI DSS compliance in Australia, you can protect yours and your customers’ data from theft and breaches. The standard includes how you take payments online and payments using an electronic payment terminal, how you handle card numbers being read over the phone, and how you handle card numbers received over email or in a letter.

Members of the PCI Security Standards Council

The Council is a global forum of industries coming together to enhance, develop, assist with, and share their understanding of security standards, to ensure the security of payment accounts.  Members of the Council include MasterCard, American Express, JCB International, Discover Financial Services, and Visa Inc.

Standards apply to businesses of all sizes

All Australian retailers accepting card payments must ensure compliance to PCI DSS in Australia, regardless of the size of their business. Partial compliance is not advisable, however, your compliance level is dependent on the situation of your business, which can be assessed using the tools available from the PCI Security Standards Council website.

Importance of compliance

To ensure compliance, you need to have a secure network, protect the cardholder data you are storing, implement reliable access control measures, have a vulnerability management program, regularly test and monitor networks, and maintain a policy for information security. A robust, up-to-date security plan will help your business thrive and succeed long-term. Consider PCI DSS compliance in Australia for your peace of mind and to assure your customers that their card information is secure; it shows your commitment to enhancing their shopping experience and builds

customer confidence, which is great for your reputation.

 

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