Glossary
PCI Compliance
PCI Compliance refers to the adherence to the Payment Card Industry Data Security Standard (PCI DSS), which is a set of requirements designed to ensure that all companies that process, store, or transmit credit card information maintain a secure environment. The PCI DSS is an initiative by major card networks such as Visa, MasterCard, American Express, Discover, and JCB to increase the safety of cardholder data and reduce the risk of fraud.
Key aspects of PCI Compliance include:
Benefits of PCI Compliance:
PCI Compliance is crucial for any organization that handles credit card information, as it not only protects the organization and its customers from potential losses due to fraud but also supports the overall health and trust in the payment card ecosystem.