First Data announced a new PCI Compliance fee for all Tier 4 merchants. This bulletin will or already has been placed on merchant statements. Basically, they require all merchants to complete a self assessment survey and all merchants will be subject to a $79 annual compliance fee; non-compliance, including failing to respond, results in additional fees of $19.95 per month.
If you have not already completed one, please go to PCI Security Standards Council, download the
appropriate PCI SSC Self-Assessment Questionnaire, and immediately complete. All level 4 merchants should be in full compliance per the terms of accepting Visa, MasterCard etc. The PCI Data Security Standard Self-Assessment Questionnaire is a validation tool intended to assist merchants and service providers in self-evaluating their compliance with the Payment Card Industry Data Security Standard (PCI DSS).
This fee will affect over 100,000 merchants because First Data is a huge partner with Independent Service Organizations (ISO’s). Even though you may have a merchant agreement with an ISO, such as First Payment Systems, the agreement will clearly state it is underwritten by First Data or another entity.
First Data Selects Security Metrics for PCI Initiative (download press release PDF)
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