FOR AGENTS OF SIGNATURE CARD SERVICES
To protect you from financial and reputational risk that data security
compromises pose to you, we are reminding you about our insurance program
that covers merchants for breach protection. This insurance program provides
your business with protection against both suspected and actual breaches with
no deductible covering Visa, MasterCard,Discover card brands, required audits,
fines, and other expenses associated with a breach. Merchants who maintain PCI
compliance will be covered at no additional cost. However, merchants who remain
non-compliant will be assessed a $25.00 fee per month for each merchant account.
If you have not yet completed the steps to reach pci compliance, please start today. Sign on to our preferred PCI vendor control scan's website using the credentials that were previously provided to you. If you have any questions regarding your PCI compliance, contact our customer support at 800-631-3072, or email firstname.lastname@example.org.
Effective May 1, 2017, the NYCE Payments Network announced the merchant location participation fee will be increased from $10.00 to $12.00 annually per participating merchant location. As a courtesy, and to reduce the cost impact to our merchants, signature card services debits the NYCE merchant.