About PCI Compliance

In response to ever-increasing credit card fraud – card holder identity theft and “data breaches” that have been in the news, the Payment Card Industry (PCI) Standards Council was created by the five leading credit card organizations, (Visa, Master Card, American Express, Discover, and Chase) to create standards and regulations to protect cardholders, merchants, member banks, and their transaction businesses.

The PCI Data Security Standard was first introduced in 2004, and is periodically updated as technology changes.

A simple example of a standard that everyone recognizes is the “truncation” of credit card numbers that are printed on transaction receipts. It used to be that a credit card receipt included the cardholder’s name and full credit card number. Some terminals even printed the card expiration date.

All compliant terminals now truncate the card number by Xing out the first 12 digits of the 16 digit card number. And the expiration date is not printed.

  • The PCI Standards Council governs the PCI Security Standard.
  • The merchant’s “acquiring bank” (often thought of as the “processor”) enforces the PCI Security Standards.

North American Bancard, and all other “processors” must continuously monitor and update the technology and processes used by their merchants in order to comply with PCI standards to ensure the security of cardholder data.

One unfortunate result of credit card fraud and identify theft is the high cost for the industry and its constituents, like merchants, to continue to stay up to date in fighting such fraud. Because of the high costs associated with compliance, NAB has assessed all merchants a $79.00 annual PCI Compliance fee. We have seen fees as high as $20 per month from some processors.

Nobody likes these fees, but we all recognize the need for the security of our customer’s credit card information.


The PCI Security Standard was created to offer an additional level of security protection for consumers by ensuring that merchants meet minimum levels of security when they store, process and transmit cardholder data and applies to all service providers and merchants that accept credit cards regardless of size or acceptance.

NAB will make sure that your equipment and processes are compliant, reducing the chance that your company’s customer information will fall into the wrong hands.

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