PCI DSS Overview

What is the Payment Card Industry Data Security Standard (PCI DSS)?

  • Standard Bank Merchant Solutions provides merchants with an online portal for PCI DSS which is accessible on Merchant Online
  • The PCI Data Industry Standard applies to every organisation that processes credit or debit card information, including merchants and third-party service providers that store, process or transmit card data
  • The PCI DSS facility on Merchant Online enables Standard Bank merchants to access PCI DSS information and to register their compliance annually
  • All merchants need to comply with PCI DSS standards so it is important to understand all of your obligations clearly

PCI DSS at a glance

  • PCI DSS is an initiative developed and managed by an independent body comprising all major card brands (Visa, MasterCard, Discover and American Express) and all merchants need to comply with PCI DSS standards
  • All merchants who store, process or transmit cardholder data need to validate their compliance online annually; this can be done on the PCI DSS portal on Merchant Online
  • Small organisations can verify their compliance by completing an online self-assessment questionnaire
  • Larger organisations can verify their compliance with the assistance of a Qualified Security Assessor who will produce a Report on Compliance and provide an Attestation on Compliance (AOC); information about this can be obtained on the PCI DSS Portal
  • In the event of any fraud or card compromise, merchants who are not compliant with PCI DSS may have to undergo a card brand mandated forensic investigation at their own expense
  • Non-compliant merchants are potentially at risk of lost sales, loss of customer confidence, fines, penalties for non-compliance, fraud losses and dispute resolution costs; they may also lose their ability to accept payment cards and online payments
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Download PCI DSS Brochure

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