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Learn more about Paramount Payment Systems now!

  • In House Customer Financing

    In House Customer Financing

    STOP Allowing Business to Walk Away!! OFFER FINANCING

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  • Credit Card Processing

    Credit Card Processing

    STOP PAYING SO MUCH TO ACCEPT CREDIT CARDS FROM YOUR CUSTOMERS!

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  • Check Processing & Guarantee

    Check Processing & Guarantee

    An important way to increase revenue at your business is the accept checks.

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  • Gift/Loyalty Cards

    Gift/Loyalty Cards

    Our Gift Card and Loyalty Card programs are backed by comprehensive card accounting...

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  • Fleet Card Acceptance

    Fleet Card Acceptance

    The demand fleet card holders have for businesses to accept their card is very high...

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  • Cash Advances

    Cash Advances

    Today’s economy is rough for businesses looking for a loan. The easy alternative is a cash advance...

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The Importance of PCI Compliance

Written by admin. Posted in Paramount

You might be wondering what the fuss over the Payment Card Industry (PCI) Data Security Standard (DSS) and related security standards is all about.

The PCI DSS was developed by the five major card companies (Visa Inc., MasterCard Worldwide, American Express Co., JCB International Co. Ltd. and Discover Financial Services) to develop a set of standards and one unified approach to prevent credit card fraud and other security vulnerabilities. All merchants who process, store or transmit card data must be compliant with the PCI DSS. Failure to comply can result in expensive fees, including fees imposed by merchant banks, as well as the loss of the ability to process bankcards. The risks of remaining noncompliant can be devastating to any business.

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