Chase Paymentech is on a mission to ensure compliance by small-to-mid-sized retailers with credit card security standards. The standard in question, PCI DSS (Payment Card Industry Data Security Standard), is mandatory and segments merchants into four levels based on credit card transaction volume. Chase Paymentech’s campaign targets Level 4 merchants, defined as those who process less than 20,000 e-commerce and/or one million card present transactions of a single card brand in a year.
To help their merchants achieve compliance, the company is using a software solution called Risk Profiler, manufactured by Ambiron TrustWave. The program essentially surveys merchants online about their transactions and provides a risk score based on their answers along with recommendations to usher the merchant closer to PCI DSS compliance.
Says Chase Paymentech chief compliance officer Michael L. Herman, “Our data has shown that smaller merchants are at risk of a data security breach as much, if not more so, than large, brand name merchants. It is in the best interests of consumers and merchants that we make every effort to ensure PCI DSS compliance across our entire portfolio.”
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