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PCI Legislation Impacting Credit Card Terminals

PCI Compliance

Retailers are being driven to upgrade credit card processing terminals to ensure digital data security. This wave of equipment upgrades, driven by PCI legislation in the U.S. and EMV legislation in Canada is making many point of sale (POS) credit card devices obsolete.

Importance of Data Security

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Data security is the single biggest driver of PCI compliance legislation.  Upgraded terminals provide better protection of customers' credit and debit card information.

Failure to protect private information can lead to stiff penalties. More importantly, a privacy breach is devastating to customer trust and the negative publicity can impact a company's image and brand.

Trust Sims for Compliant Equipment Disposal

Sims Recycling Solutions responsibly recycles end-of-life credit card processing equipment, offering:

  • Responsible recycling of retired credit card terminals
  • Complete compliance with regulations through documented process
  • Simple, easy pickup process
  • Certificates of recycling and destruction
  • Protection of your company's reputation

What is Payment Card Industry Data Security Standard (PCI DSS)?

PCI DSS is legislation driving more secure equipment and processes in the credit card industry in the U.S. This legislation primarily focuses on PIN pad transactions of debit cards, although cash registers can be indirectly impacted.

PCI DSS defines requirements for improving data security when processing credit and debit cards.  These comprehensive data security measures were developed by members of the PCI Security Standards Council, including American Express, Discover Financial Services, MasterCard Worldwide and Visa, Inc. International in an effort to achieve global adoption of consistent standards.

PCI DSS defines compliance standards to include enterprise hardware, software, processes and policies to protect customer account data. EMV legislation in Canada offers similar customer account data protection.

Milestone Dates for PCI DSS

  • As of December 31, 2007, acquirers and merchants must only deploy PCI PED approved devices
  • July 1, 2010 is the date by which never approved devices must be removed from service
  • December 31, 2014 is the date by which Visa-PED devices must be removed from the market

Call Sims today for PCI compliant equipment destruction.

 

Our Sims Recycling Solutions Contact Page lists our U.S. offices and offers several ways to contact us, by location, email, phone or contact form.