What is PCI Compliance and How Does it Affect Online Giving?
The Payment Card Industry Data Security Standard (PCI DSS) applies to companies of any size that accept credit card payments. If your company intends to accept card payment, and store, process and transmit cardholder data, you need to host your data securely with a PCI compliant hosting provider. That’s exactly what Generosity by Lifeway is!
The overall goal of PCI Compliance is to protect Cardholder data, Manage vulnerability, and implement strong access control measures.
Most digital giving companies charge a $99 annual fee to cover PCI Compliance. On top of that, if a merchant does not complete the PCI Survey, they get charged a monthly fee until they do. Lifeway has waived the $99 annual fee, thus making PCI Compliance free as long as the merchant has completed the PCI Survey.
The PCI survey is used to verify that you are taking proper measures to protect sensitive information (Credit/Debit Card Numbers, Bank Account Numbers) from being compromised. The PCI survey must be completed to get to avoid a monthly charge. The Payment Card Industry (PCI) has worked with Federal Law to mandate completion of the PCI Survey for digital giving.
CardConnect will allow us to refund the last 3 months of PCI Fees as soon as the PCI Survey is completed. If you need assistance with completing the Survey, we have partnered with TrustWave (a PCI Company) and they have a Team that is dedicated to walking merchants through the PCI Survey. They can be reached at 877-257-0239.