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What Is PCI
Compliance?
Payment Card Industry Compliance (PCI) is a set of
network security and business practice guidelines
adopted by Visa, MasterCard, American Express and
Discover Card to establish a “minimum security
standard” to protect customer’s payment card
information. It’s a requirement to be compliant for
all merchants that store, transmit, or process
payment card information. The cost is incurred
by all merchants and is for making sure that all
merchants are maintaining PCI compliance.
Why should I Have To Pay For PCI
Compliance?
Fines from Visa for mishandling card holder's data
can run into the thousands for each occurrence.
Working with a PCI compliant processor helps to
prevent such occurrences and also helps your
customers build trust in your business. |
