Why is complying with the Payment Card Industry Data Security Standard (PCI DSS) critical for your business? Let us walk you through it.
Security is one of the primary concerns for most business owners today. If you’re a business owner, you understand the importance of installing security cameras and alarms and ensuring your doors and windows are locked at night.
Key Takeaways:
- The Payment Card Industry Data Security Standard (PCI DSS) ensures that all companies that process, store, or transmit credit card information maintain a secure environment.
- There are 12 requirements to be PCI DSS compliant.
- There are 4 PCI DSS compliance levels based on how many credit card transactions you handle each year.
- The PCI SSC’s main priorities are helping merchants and financial institutions protect their payment systems from cardholder data breaches and theft, and assisting vendors in understanding and implementing standards for creating secure payment solutions.
At one point or another, you’ve probably worked with a security company to explore these options and more for your business. Your security company representative likely shared their professional opinions with you and maybe some advice on keeping your most valuable assets safe.
After working with a company like this, you probably feel confident about how your security equipment works and what it does for your business. That’s great! How much do you know about securing payment processing equipment and cardholder data?
Kurv offers payment method solutions, creating a simple and seamless payment experience for your valued customers. We empower companies with mobile processing, web commerce, and POS Solutions. As a payment processor, we’re like a security consultant for your data. Today, we’d like to share some professional advice with you.
This post will explain everything you need to know about maintaining compliant security standards to protect your customers’ payment data.
What Does PCI Compliance Mean?
The Payment Card Industry Data Security Standard (PCI DSS) ensures that all companies that process, store, or transmit credit card information maintain a secure environment. Launched on September 7, 2006, it manages PCI security standards and improves account security throughout the transaction process.
It’s an independent body created by Visa, MasterCard, American Express, Discover, and JCB. The PCI Security Standards Council (PCI SSC) administers and manages the PCI DSS.
About the PCI Security Standards Council
If you accept credit card payments, you must achieve and maintain compliance with the PCI Security Standards Council (PCI SSC).
The PCI SSC is a global organization that maintains, evolves, and promotes Payment Card Industry standards for the safety of cardholder data across the globe.
It was founded in 2006 by American Express, Discover, JCB International, Mastercard, and Visa Inc., who all share equally in the Council’s ownership, governance, and execution. The organization serves those who work with and are associated with payment cards, including merchants, financial institutions, point of sale vendors, and hardware and software developers.
The main priorities of the PCI SSC are to help merchants and financial institutions protect their payment systems from breaches and theft of cardholder data and help vendors understand and implement standards for creating secure payment solutions. Violating PCI compliance can lead to hefty fines for you and your business.
Why PCI Compliance is Important
So, what does all this mean for you as a business owner? Why is PCI compliance a vital issue? Simply put, you, your bank, and your payment processor must adhere to the Council’s payment security standards.
If you don’t follow these standards and continue to accept credit card payments, you face devastating potential liabilities such as:
- Diminished sales
- Fines and penalties
- Fraud losses
- Legal costs, settlements, and judgments
- Loss of customer confidence/trust
- Termination of your merchant account
No one wants to deal with headaches and heartbreaks like these, so maintaining PCI compliance is essential! Without it, you could be putting your business and your customers at risk.
What Are The Benefits Of PCI Compliance?
PCI DSS compliance is not a legal requirement, but it’s necessary if your company works with a major payment card network. PCI DSS can be difficult, but compliance with PCI standards doesn’t have to be a hindrance. This holds true for both front-end and back-end processing.
If you do it right, it’s a business investment with several benefits. When you achieve the appropriate level of PCI DSS compliance, your business can:
- Work with payment processors to create an online marketplace.
- Partner with card issuers to launch your payment card.
- Comply with other compliance standards, like GDPR or HIPAA
- Minimize the risk and impact of a breach.
- Build trust with customers and partners.
Let’s examine the standards you must follow to accept credit cards and how to become PCI compliant.
PCI Security Requirements
The best way to secure cardholder data and avoid losses like the ones mentioned above is to continuously monitor and enforce the use of controls specified in the PCI Data Security Standard (PCI DSS). In other words, security should be a top priority for you and your team.
Now you may be wondering, what does the PCI Data Security Standard specify?
The PCI DSS Quick Reference Guide [1] PCI Security Standards Control “PCI DSS Quick Reference Guide”. Accessed September 5th, 2025. provides all the necessary details. Some of the subjects explored in this document include:
- PCI Data Security Standard
- PIN Transaction Security Requirements
- Payment Application Data Security Standard
- Point-to-Point Encryption Standard
- Card Production, Logical Security Requirements, and Physical Security Requirements
- Token Service Provider Security Requirements
What Are The Requirements for PCI Compliance?
To be PCI DSS compliant, your business needs to complete all 12 requirements included in the security standard.
These 12 requirements contain hundreds of sub-requirements, which go well beyond firewalls, anti-virus software, strong passwords, and other security controls.
Some are difficult for smaller organizations to meet, especially if they don’t have any help.
The 12 PCI requirements for PCI DSS compliance are:
The 12 PCI requirements for PCI DSS compliance are:
- Installing and maintaining a firewall configuration to protect cardholder data
- Never using vendor-supplied defaults for system passwords or other security parameters
- Always protecting stored cardholder data
- Encrypt transmission of cardholder data across open and public networks
- Using and updating anti-virus software or programs
- Developing and maintaining secure systems, applications, and a secure network
7. Restricting access to cardholder data by implementing strong access control measures8. Assigning unique IDs to each person with computer access
9. Restricting physical access to cardholder data
10. Tracking and monitoring all access to network resources and cardholder data
11. Regularly test security systems and processes12. Maintain a security policy that addresses information security for employees and contractors
12. Maintain a security policy that addresses information security for employees and contractors
Building a PCI-compliant information security infrastructure can be daunting for small and medium-sized businesses. Each requirement involves expertise and a different cost and timeframe for successful implementation.
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How to Become PCI Compliant
As we mentioned before, the PCI Security Standards Council is equally owned and governed by major credit card brands American Express, Discover, Mastercard, Visa, and JCB International.
This means the individual card brands are responsible for validating and enforcing your compliance.
All brands have agreed to incorporate the PCI DSS (check out the quick reference guide here) as part of the technical requirements for their data security programs.
However, they may have other requirements for you to follow.
Click here for a complete list of the card brands with links to their data security pages.
Once you have read and understood what is expected of your business from the card brands you accept and the PCI SSC, you must follow a three-step continuous process to become PCI compliant.
Your payment processor can help guide you through this process. Since achieving and maintaining PCI compliance is ongoing, your payment processor should also help ensure your business stays compliant.
If your current processor does not offer the support you need, contact Kurv! We have been a PCI-certified vendor for over a decade and would be happy to help you achieve and maintain these essential security standards.
Are There Consequences For Non-Compliance?
As we said earlier, the PCI requirement is not a law, but being out of compliance can be a big deal. If your business does not comply with PCI standards, it’s at risk for data breaches.
If a breach does occur, you’re at risk for fines, card replacement costs, costly forensic audits, and investigations into your business. Penalties aren’t highly publicized, but they can destroy your business.
Let’s say your company violates PCI-compliance standards. The first thing likely to happen is a heavy fine from the credit card brands, ranging from $5,000 to $100,000 per month, to your acquiring bank. The banks often pass these fines along to the merchant and terminate contracts or increase transaction fees. The repercussions go beyond the financial cost.
According to PCI Security Standards, failure to comply with PCI standards could result in:
Lost confidence from your customers
A decrease in sales
The hassle and cost of reissuing new payment cards
Fraud losses
Increased costs of compliance.
Legal fees, settlements, and judgments
Fines and penalties
The loss of the ability to accept payment cards
Lost jobs
Going out of business
What Are The PCI DSS Compliance Levels?
PCI DSS compliance has different levels based on how many credit card transactions you handle each year.
PCI Compliance Level 1 is the most stringent.
The guidelines for merchants are as follows:
| Level | Description |
|---|---|
| Level 1 | A business producing over 6 million card transactions per year, or any company with a data breach. |
| Level 2 | A business that processes between 1 million and 6 million card transactions annually. |
| Level 3 | A business that processes between 20,000 and 1 million e-commerce card transactions annually. |
| Level 4 | A business processing under 20,000 eCommerce card transactions annually or up to 1 million regular card transactions annually. |
What Does It Cost To Be PCI compliant?
It can be costly to become and maintain a PCI-compliant business. Your costs will depend on factors like size, compliance level, and other industry-specific details.
Level 4 is the cheapest and can range between $60 and $75 a month. These costs include an Approved Scanning Vendor (ASV) who should complete a regular network or website scan. You or your staff must complete a Self-Assessment Questionnaire (SAQ) and Attestation of Compliance.
Level three is $1,200 a year and up and includes regular scans by ASVs and increases based on the size of your computer network and the number of IP addresses. It also provides for the cost of completing the annual Self-Assessment Questionnaire and Attestation of Compliance. Level 2 will cost you $10,000 or more, and includes scans by ASVs, and increases based on the size of your computer network and the number of IP addresses. It also provides for the cost of completing the annual Self-Assessment Questionnaire and Attestation of Compliance.
Finally, level 1 can cost $50,000 a year or more and includes a regular network scan by an Approved Scanning Vendor, an annual Report on Compliance by a Qualified Security Assessor, and an Attestation of Compliance.
PCI SSC Resources for Business Owners
This article taught you about the security importance of complying with PCI standards and how to apply them. To learn more about building a solid security foundation for your business, visit the PCI Security Standards Council’s site for additional resources and tools. We wish you luck on your quest for data security!
Useful Links
The big question remains: Why choose Kurv? Truth be told, there’s a reason why merchants all over the country are choosing Kurv as their merchant services provider. What it comes down to: we put you, the merchant, first!
If you’d like to partner with a payment processor to help you maintain PCI compliance while streamlining operations and improving the customer experience, contact us using the button below!
