What is PCI?
The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that ALL companies that process, store or transmit credit card information maintain a secure environment. Essentially any merchant that has a Merchant ID (MID).
The Payment Card Industry Security Standards Council (PCI SSC) was launched on September 7, 2006 to manage the ongoing evolution of the Payment Card Industry (PCI) security standards with focus on improving payment account security throughout the transaction process. The PCI DSS is administered and managed by the PCI SSC (www.pcisecuritystandards.org), an independent body that was created by the major payment card brands (Visa, MasterCard, American Express, Discover and JCB.). |
| PCI applies to ALL organizations or merchants, regardless of size or number of transactions, that accepts, transmits or stores any cardholder data. Said another way, if any customer of that organization ever pays the merchant directly using a credit card or debit card, then the PCI DSS requirements apply. |
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How does being PCI Compliant help me?
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You'll sleep better knowing that your platform is secure.
- Scanning vendors will provide you with a seal for display on your site which will help assure your customers that you are able to secure their details; which means less shopping cart abandonment. In fact, many merchants report substantial increases in sales when displaying recognized seals.
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You will be contributing to cracking down on the filth of the online world who seek to create havoc through the theft of credit card details.
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You will be contributing to improve the general perception of consumers regarding ecommerce - and that benefits everyone.
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