Why PCI DSS Level 1 Compliance Matters Most

Are you currently working towards level 2 PCI DSS compliance or below? Here’s the reasons why you should be level 1, no matter the size of your business.

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Published on: 18 April 2018

PCI compliance should be at the heart of every business’ operations if they are going to be handling sensitive data from customers. Understanding the different PCI DSS levels of compliance can be tricky, and knowing which level you need to pay attention to most can be even more confusing.

PCI DSS level 1 compliance covers businesses of all sizes, from merchants that process from 20,000 transactions per year, to over 6 million transactions per year.

Read on to discover more about why compliance matters, what PCI DSS Level 1 is, and why your business, no matter what size it is, shouldn’t be settling for lower merchant levels.

What is Level 1 PCI DSS compliance?

PCI DSS Level 1 is the set of standards that make sure that you’re storing, handling and transmitting financial data in a way that eliminates the risk of data breaches.

Level one is based on the annual number of transactions a merchant makes every year:

  • Level 1
    Merchants processing over 6 million card transactions per year
  • Level 2
    Merchants processing 1-6 million transactions per year
  • Level 3
    Merchants handling 20,000 to 1 million transactions per year
  • Level 4
    Merchants handling fewer than 20,000 transactions per year

What If We Don’t Process Over 6 Million Transactions Per Year?

Although your merchant may be processing less than 6 million transactions per year, striving to level 2 or below could be selling your business short.

For example:

Your business is currently on average processing between 20,000 and 1million Visa or MasterCard e-Commerce transactions annually, and you are fully compliant to PCI DSS level 3.
Due to a high level of customer retention and an influx of new processes coming through, your processed number of transactions tips over 1million per year. This will mean that you are no longer PCI DSS compliant.

If you are striving for growth within your business, without opening yourself up to risk, ensuring that your business is compliant to a merchant level 1 will alleviate the stress of having to monitor your transaction limit.

How can you ensure PCI DSS Level 1 compliance?

A common misunderstanding about becoming PCI DSS Level 1 compliant is that it requires too much unnecessary admin. There are a number of guidelines [NC1] you must follow in order to become fully PCI DSS compliant, and this can either be managed in house or through using outsourced software.

cardassure is a PCI DSS Level 1 compliant, cloud-based, phone payment solution, designed to be affordable for SMEs. Integrating sophisticated technology into the way you manage transactions over the phone will ultimately give you more time to focus on other aspects of your business.

Growing your business with cardassure technology

With the worries of PCI compliance for your phone transactions being handled by cardassure, you’re able to focus on the things that matter to your business’ bottom line - growth.

Not only does cardassure manage your compliance, but it also provides a secure and user friendly experience for your customers. Allowing your customers to speak to a human being, without having to verbally exchange any sensitive data will benefit your brand in the way it becomes recognised as a trustworthy and personable merchant.

Ultimately, this will have a positive knock-on effect on your customer retention statistics, encouraging customers to continue making purchases with your business over the phone.

Would you like to learn more about cardassure? Contact us today, and discover the safest way to manage your phone payments…

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