Data security has become a primary consideration for
every business that accepts credit and debit cards for the
payment of goods or services. To promote the security
of the credit and debit card payment systems, the major
card brands established the Payment Card Industry
Council (PCI) to oversee its Data Security Standards
Merchants of all sizes must ensure that cardholder data
is protected from a security breach. A typical breach
costs a small business merchant $25,000 - $50,000, but
can run much higher depending on the number of cards
compromised. To protect cardholder data and mitigate
financial exposure, it is imperative that all merchants
validate and demonstrate PCI-DSS compliance.
Elavon’s PCI Compliance Program takes a comprehensive
approach to help your business securely manage
cardholder data and ensure compliance, while protecting
your reputation and your bottom line. Elavon’s program is
focused on three key areas:
Education – materials and information to help you
understand PCI-DSS compliance
Validation – tools to help you validate and
demonstrate compliance and protect your business
Financial Protection – programs to mitigate your
financial exposure should a breach occur
Protection begins the day you start as an Elavon
merchant. Please review the materials contained in this
pamphlet and you’ll be on your way to establishing a
secure processing environment
NOTE: Compliance validation certification must be renewed annually.
Non-compliance may result in additional fees. Refer to your merchant
application for terms and associated fees and fines.
Secure Your Business
All merchants are required to comply with PCI-DSS and
all payment applications must be certified and validated
annually. New merchants have ninety (90) days from
merchant application approval to validate compliance.
Existing merchants will be notified annually regarding
recertification requirements. Non-compliance may result
in additional costs and expenses
Protect Your Bottom Line
Even with PCI validation in place, your business could
be exposed to a security breach. In the event of a
breach, costs and expenses can quickly add up. These
include, but are not limited to: payment network fines and
assessments, forensic fees associated with a compliance
audit of your business environment, merchant notification
mailing costs, and legal fees.
We understand the time and financial commitment you
make to stay PCI compliant, and we recognize that your
efforts warrant a level of financial protection for your
That’s why our PCI Compliance Program goes the
extra mile. At Elavon, we extend financial support
when you need it most. Depending on your level of
PCI Compliance, you can count on Elavon to help your
business mitigate those expenses.
Elavon merchants with PCI validation confirmed through Elavon’s PCI Compliance Program partner
may receive financial coverage up to $100,000 per
Elavon merchants with PCI validation not provided through Elavon’s PCI Compliance Program partner
may receive financial coverage up to $50,000 per
Non-compliant Elavon merchants may receive up to $10,000 per incident.
NOTE: Elavon’s program covers certain payment network fines and the
cost of a forensic audit up to your eligible amount of coverage. Other
costs (i.e. legal costs, chargebacks, cardholder notification, system
upgrades, etc.) may vary by incident and State and are not covered
under the program.
In the event that your business experiences a data
breach, Elavon may be contacted by the involved
payment networks. We will then contact you,
communicate the extent of exposure from the attack and
assist you through the necessary steps to protect your
business. We’ll put you in touch with Qualified Forensic
Investigators who will conduct a thorough examination of
your payment environment to identify the systems and/
or processes that resulted in the security breach and
recommend additional steps you should take to protect
your business and your reputation.
As a part of Elavon’s compliance program, certain
payment network fines, fees, and assessments associated
with each compromise incident will be retained by Elavon
and may not be passed on to you, depending on your
level of available coverage. Elavon will also reimburse
you for the incurred costs of a comprehensive forensic
audit performed by a QSA up to your level of available
Benefits At a Glance
While 92% of cardholder data breaches occur
in small business locations, most business owners
underestimate the reputational risk and financial
impact of a data breach. The benefits available
through Elavon’s PCI Compliance Program are:
Protect your customers’ personal data by
insuring that you handle credit and debit card
transactions safely and securely.
Boast customer confidence and trust through a
higher level of data security.
Protect your business and reputation from
financial losses and remediation costs with
financial coverage in the event of a data
Maintain customer trust and safeguard the reputation of your business and brand identity.