Merchant Data Security Indemnity Program


Developed in response to major security attacks where millions of bank cards were breached.

Available exclusively for our Merchants


Latest News regarding Data Security, “MasterCard has become the first card brand to publish its PCI fines and related requirements, a move that could be the latest signal that MasterCard wants to step out of the PCI shadow of its larger rival, Visa. The dollars themselves do not reflect a radical change, although they do include some healthy increases.” By Evan Schuman, Storefront Backtalk.

All Merchants no matter how large or small whatever medium they accept bankcards are liable for any loss of bankcard data.

Designed with our merchants in mind, the Merchant Data Security Indemnity Program offers protection from the financial impact of a data breach. We provide the following to mitigate damages for our Merchants.

We will pay:

  • Cost of a forensic audit

  • Fines and penalties

  • Bank card  replacement costs

  • Notification fees

  • Crisis management (public relations)

  • Identity theft education

  • Identity recovery services

  • Credit monitoring

Our PCI DSS Compliance program is the only product available that offers this level of comprehensive coverage.

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Coverage provided by    a licensed insurance agency


"... the coverage has other benefits that rainy day funds do not provide. Included in the program is a crisis management service for affected merchants, as well as identity recovery services for consumers. Both services are designed to mitigate damage to merchants' reputations, keep them in business and retain their customers." -- The Green Sheet

 

© 2009 C.L. Frates and Company