Frequently Asked Questions
What’s the difference between CCAP and PCI Compliance?
Compliance with Payment Card Industry Data Security Standards (PCI DSS) is the front-line of defense when it comes to credit card compromises. CCAP provides you with assistance in the event of a card data breach.
Learn more about PCI.
How much am I covered for?
CCAP covers your business up to $100,000 per Merchant Identification number (MID) and potentially up to $1,000,000 annually for multi-location businesses with no deductible.
What kind of expenses are covered?
Who provides CPAY’s CCAP program?
- Any mandated forensic audit expenses when a compromise is suspected.
- Card replacement costs and any related expense from the suspected breach.
- Any PCI DSS assessments and fines levied by the card brands.
- Assistance with data breaches due to network hacking, skimming, and physical losses resulting from: third-party theft of computer or paper records, employee dishonesty, fraudulent, malicious or criminal act, error, or omission.
CCAP is offered exclusively by Royal Group Services and underwritten by American International Group, Inc. (AIG)
Do I need this?
How much does CCAP cost?
Nearly 90 percent of all breaches occur at Level 4 businesses (small to medium size). “Hackers are concentrating on the smaller merchants. That’s where we see the greatest vulnerability.” -Eduardo Perez, VISA USA’s Vice President of Payment Systems and Risk.
For the price of $7.95 a month, or roughly three cups of coffee, your business can get protection up to $100,000 or $1,000,000 for multiple locations.