PCI Compliance with PCI Assure
According to a study by the Ponemon Institute, retailers were shown to have a 22.7% probability of experiencing a data breach involving a minimum of 10K records within the next 24 months. This report also showed that the most common source of data breaches (44%) were due to malicious attacks in the form of malware infections, criminal insiders, phishing/social engineering, and SQL injection. Malicious attacks were also the most costly form of attack, costing retailers that process or store credit card data an average of $246 per customer record breached. Assuming 10K customer records breached due to malicious attacks, the costs of the typical data breach for retailers is over $2.4M dollars.
These statistics underscore the importance of maintaining a rigorous PCI compliance program to protect cardholder data. But the costs and complexity of achieving and maintaining PCI compliance can also be daunting. The table below shows the estimated costs associated with achieving and maintaining PCI compliance based on merchant transaction volume:
PCI Compliance Costs
|PCI Merchant Type||Initial Scope||Becoming Compliant||Annual Cost|
|Level 3 & 4||$50K||$81K||$35K|
Fortunately, there’s a better and easier way to protect cardholder data and reduce the risk to your business.
PCI Assure is a turnkey service that enables merchants to accept credit cards online without processing or storing credit card information within the merchant’s ecommerce system. It dramatically speeds up the process of becoming PCI compliant and dramatically lowers the risk to your online business. In addition, it minimizes cart abandonment by seamlessly integrating with your shopping cart experience and providing card on file functionality. Best of all, PCI Assure is a cost effective alternative to do-it-yourself PCI compliance that scales as your transaction volume grows.
Affordable PCI Compliance
DIY PCI compliance can cost up to millions of dollars upfront due to unpredictable remediation costs. PCI Assure dramatically reduces the cost of achieving PCI compliance by providing a turnkey service with scalable pricing based on your monthly transaction volume.
PCI Compliance in Days, Not Months
DIY PCI Compliance can take weeks or months to achieve due to unpredictable project timelines. You can typically integrate PCI Assure in days thanks to built-in integrations for leading ecommerce platforms like Oracle Commerce, IBM Smarter Commerce, and Magento.
Simplified PCI Certification
PCI Assure eliminates many technical requirements for PCI DSS compliance by removing your web store from the scope of PCI-DSS. All you need to do is fill out a simplified SAQ (Self-Assessment Questionnaire) Type A.
100% Breach Protection and Indemnification
PCI Assure provides 100% indemnification from data breaches, which saves your company millions of dollars in potential costs.
Minimize Shopping Cart Abandonment
Unlike services that redirect shoppers to third-party payment pages, PCI Assure is completely and seamlessly integrated into your shopping cart. This dramatically reduces shopping cart abandonment and provides you with complete control over your user experience.
Increase Conversion Rates
PCI Assure supports the Verified by Visa and Mastercard Secure programs, providing your shoppers with added confidence that their transactions are secured. It also provides card-on-file capabilities, enabling you to create a streamlined purchase process for returning shoppers.
Integrated Fraud Prevention
PCI Assure integrates with leading fraud prevention solutions like Maxmind, Kount, and Retail Decisions. When enabled, a fraud score and recommendation is returned with every authorization. This helps prevent chargebacks and reduces manual reviews of suspect transactions. It also helps increase sales by enabling you to accept domestic and international transactions that you would normally decline.
Supports Verified by Visa and MasterCard Secure
PCI Assure has built-in support for the Verified by Visa and MasterCard Secure programs, providing your shoppers with additional confidence and trust in doing business with you.
Fully Integrated Credit Card Capture
PCI Assure leverages IFrame and CSS to deliver a fully integrated payment experience for your shoppers. It also provides built-in modules for leading ecommerce platforms like Oracle Commerce, IBM Smarter Commerce, and Magento that dramatically speed up your implementation.
Payment Processor Independent Tokenization
PCI Assure provides a payment processor independent tokenization solution. Credit card information is securely stored out of sight in PCI Assure and a token is created to represent the credit card. This token can be freely stored in any of your systems, and used to deliver streamlined shopping experiences for returning shoppers.
Many Payment Gateways to Choose From
PCI Assure offers a range of payment gateway providers to choose from:
- PayPal Payflow Pro
- PayPal Website Payments Pro
- Chase Paymentech (Tampa and Salem)
- Planet Payment / iPay
- WorldPay (XML Direct)
- Network Merchants (NMI)
- Star Card
- PSI Gate
- Optimal Payments
- Global Collect
- Redecard (Brazil)
“Before joining Pivotree, it would take us several days and a lot of back and forth communication to perform simple tasks like adding access for a new employee. With Pivotree, that same process took just minutes. Every interaction we’ve had so far has been like that. They are fast, reliable and knowledgeable, and I’m feeling more confident than ever that we’ll be in a great position to make the most out of our peak buying season.”
Mike Lewis, Digital Marketing Manager