- August 13, 2020
- Posted by: Jenny Cortes
- Category: Merchant Risk
PCI Compliance Definition
The Payment Card Industry Data Security Standard (PCI DSS) is a written standard, created by the major card brands and maintained by the Payment Card Industry Security Standards Council (PCI SSC). The PCI DSS contains technical requirements which protect and secure payment card data during processing, handling, storage, and transmission. All businesses that handle payment card data, no matter their size or processing methods, must follow these requirements and be PCI compliant.
Secures business data
The whole purpose of the PCI DSS is to protect card data from hackers and thieves. By following this standard, you can keep your data secure, avoiding costly data breaches and protecting your business and your customers.
Boosts customer confidence
Would you go to a business if you knew it was likely your credit card information could get stolen? Probably not.
Getting PCI compliant and promoting that to your customers shows them that you are serious about security and you’re taking every precaution to keep their payment data safe. It gives your customers (and you) some peace of mind.
Protects your customers
Your customers trust you with their card data as they make transactions in your business. Your customers card data needs to be protected by your business. You are responsible for keeping their data safe while it’s in your possession.
Provides a security standard
The PCI DSS provides a baseline of security requirements that help businesses know what to do and where to start on their security program. What’s helpful is the standard does have specific rules for different businesses, depending on size, type, methods of storing card data, etc.
Acuitytec All-in-one Solution helps online businesses of all types that want to operate more efficiently, reduce their PCI scope, and give customers a safe payment processing experience as well.
For information about our Solutions, visit our website and chat with our professionals: www.acuitytec.com or email us at firstname.lastname@example.org.