Secure Payment Processing
Protecting you and your customers from security risks
Security is the foundation of all electronic transaction processing. Heartland® leads the electronic payments industry and is committed to helping keep you and your customers safe from the very real threats of credit card fraud and identity theft.
Payment Processing Industry Regulations
Electronic payment processing is a highly regulated industry because it deals in sensitive and private personal financial information. The goal of these regulations is to protect all parties involved in electronic transactions – cardholders, merchants, processors and the issuing banks – from identity theft and fraud.
Heartland works to stay current and compliant with all regulations, and we believe our merchants should, too.
We provide information to help merchants stay up to date on regulations that directly affect them, including:
Merchants are required to report their annual gross payment card transactions processed by credit, debit or co-branded cards and third-party network transactions to their merchant services providers, who pass the information along to the IRS.
Implemented rules have lowered the debit card interchange fees that the Visa and Mastercard networks charge merchants.
The Payment Card Industry Data Security Standard (PCI DSS) encompasses a set of requirements that help ensure all merchants who process, store or transmit credit card information maintain a secure transaction environment.
PCI Compliance for Electronic Transactions
PCI compliance simply means adherence to the Payment Card Industry Data Security Standards, or PCI DSS, which are administered by the Payment Card Industry Security Standards Council (PCI SSC). The council was established in 2006 by the major payment card brands – including Visa®, Mastercard®, Discover® and American Express® – to manage security standards for electronic transactions.
It is the responsibility of all parties to payment card processing – including businesses, merchant services providers, financial institutions and card issuers – to keep the process safe by achieving and maintaining PCI compliance.