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| Risk Management | | | Visa Payment Security Services (VPSS) | |
Benefits of VPSS certification
| Benefits for Visa members
- Protect your reputation by avoiding privacy / data security lapses at your service providers
- Receive independent assessment of the security practices of your service providers and merchants
- Meet Visa International Operating Regulations (VIOR) compliance requirements of the Visa license
- Complement scarce internal audit resources where Visa will partner with member staff
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Benefits for service providers and merchants
- Demonstrate to your customers your high levels of compliance with industry standards
- Improve payment security know-how within your organization
- Strengthen security measures and minimize possibility of attacks
- Minimize losses and exposure in the event of attack
- Create a sense of security, credibility and trust for your customers and business partners
- Benchmark your company against industry best practices
- Establish a clear set of documentation on payment security practices and processes which leads to more effective business continuity management
- Improve communication with Visa
- Receive Visa value-added services such as security bulletins
- Motivate compliance of management and staff with strong results from an external review
Real value of security
Payment security controls, market conditions and business needs and activities vary widely among Visa members, service providers and merchants.
The cost of the onsite review for merchants and service providers varies depending on the size of the business to be reviewed. To provide a more accurate pricing schedule, organizations seeking a review will be asked to submit a pre-engagement questionnaire that will provide Visa with information to scope the complexity of the review. Visa will aim to provide the highest standards of service at most competitive prices. Click here for an electronic version of the pre-engagement questionnaire.
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