FYT Merchant Services
Low Cost Credit Card Processing Solutions and Merchant Services
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In response to the new challenges of accepting credit cards, the major card brands (including MasterCard, Visa, American Express, and Discover) established a committee to create standards and best practices geared to assist your business in maintaining the safety of your customers information. When you follow these Data Security Standards (DSS), you will reduce your risks as a merchant drastically.
Merchant Responsibilities include:
Do I need to become PCI Compliant?
The last two decades have brought about drastic change in the way merchants need to do business in order to stay competitive. A large number of your customers now use credit cards as a major form of payment. These changes are not without their challenges. Since January 2005, approximately 234 million records have been breached from retailers according to Privacy Rights Clearinghouse (www.privacyrights.org). It is now the retailers’ responsibility to protect the card holder data from theft. Consider this process a cost of doing businesses that you cannot do without.
Your customers will expect that your business is applying every means necessary to keep their information safe.
Where are you vulnerable?
The Transmitting of Data to Service Providers - If your business experiences a breach of cardholder data, fines can equal tens of thousands of dollars. FYT Services is here to help you to drastically reduce your risks with our PCi compliant terminals & POS equipment.