As you know compliance in the payment card industry (PCI compliance) is becoming a much greater challenge for restaurants. With recent security breaches at many national brands it’s critical to your brand’s reputation (and bottom line) to stay PCI compliant.
The good news is we’ve figured out the secret to decreasing the burden of PCI compliance in your restaurants. So what is it?
The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that ALL companies that process, store or transmit credit card information maintain a secure environment. PCI applies to ALL organizations or merchants, regardless of size or number of transactions, that accepts, transmits or stores any cardholder data. In addition, PA-DSS refers to requirements designed to ensure that vendors provide products that support merchants’ efforts to maintain PCI DSS compliance and eliminate the storage of sensitive cardholder data.
Even though PCI Compliance is not a law, it is a set of standards your bank or card issuer expects you to comply with. In fact, you may be charged fines or have bank fees increased for compliance violations. In addition, if you are not PCI compliant and there is a data breach, you might also risk card replacement costs, costly forensic audits, as well as brand damage. By complying with PCI, you greatly reduce these risks.
Unfortunately, becoming PCI compliant requires that your business complete a series of questionnaires and provide evidence of compliance. For some companies this can be an expensive and time-consuming process, involving quite a bit of research, meetings and documentation.
You can reduce the burden of proving PCI Compliance by using Payment Unaware POS solutions. That’s a restaurant POS system where no credit card information is stored on the POS, making them “Payment Unaware.” Having a “Payment Unaware” POS solution can dramatically reduce the number of PCI Compliance requirements you have to address, and simplify the compliance process overall.
The bottom line is the less credit card information you have stored in your restaurant POS, the less time you have to spend worrying about being PCI compliant. And that is the simple secret to reducing your PCI compliance burden.