Glossary
PCI-DSS
PCI-DSS stands for Payment Card Industry Data Security Standard, a globally recognized set of security requirements intended to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. This standard was established by the Payment Card Industry Security Standards Council, which was founded by major credit card brands like Visa, MasterCard, American Express, Discover, and JCB.
The primary aim of PCI-DSS is to reduce the risk of debit and credit card data theft by mandating a secure data handling framework for businesses. The requirements within PCI-DSS cover a broad range of security measures, including but not limited to:
Businesses that handle credit card information must adhere to these standards to protect sensitive data and avoid potential compliance penalties, which can include fines, restrictions, or permanent expulsion from card acceptance agreements. Compliance with PCI-DSS not only helps protect customers' financial data but also helps businesses build trust and maintain their reputation.