You may have heard the term PCI Compliance being thrown around on the news, at the grocery store or in the media. That’s because companies everywhere are taking the next step to become PCI Compliant to help prevent ongoing threats to financial security.
What is PCI?
PCI or PCI DSS to be exact, stands for Payment Card Industry Data Security Standard. This is basically a list of requirements that are designed to ensure all credit card information maintains in a secure environment when being processed, stored or transmitted by an organization. No matter the size of company or how large their transactions may be, PCI applies to ALL that accept credit card information in person, online or over the phone.
What This Means for You:
Ultimately it means your credit card information will be even safer. However, it also means that gone away is the time when you can call to pay your bill with a “card on file” as there will no longer be company access to store any credit card information. While you may still pay over the phone through a PCI compliant automated portal, eBill and Auto-Pay are other easy options to keep in mind. When signing up for Auto-Pay, the amount of your monthly bill will automatically be deducted from your account on the billing due date without any stress of calling in with a credit card number or writing checks.