What is pci compliance?

[niyati]

I keep hearing about PCI compliance in relation to credit card payments and security, but I’m not exactly sure what it entails.

 

[Emly]

PCI compliance refers to following the Payment Card Industry Data Security Standard (PCI DSS), which is a set of security rules designed to protect credit card information during and after a financial transaction. Any business that handles, stores, or transmits cardholder data must comply with these standards to prevent data breaches and fraud. Compliance involves maintaining secure networks, encrypting data, controlling access, and regularly monitoring systems.

 

[robertwilliam]

PCI compliance, or Payment Card Industry Data Security Standard (PCI DSS) compliance, is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. It's not a law, but rather a set of requirements mandated by major credit card companies to protect cardholder data. Failing to comply can result in significant penalties and damage to a company's reputation.

 

[Samuel]

A set of security guidelines known as PCI compliance, or Payment Card Industry Data Security Standard (PCI DSS) compliance, is intended to guarantee that any business that receives, handles, stores, or transmits credit card data does so in a secure setting. It's a set of guidelines set by big credit card companies to protect cardholder data; it's not a law. A company's reputation may suffer and heavy fines may follow noncompliance.

 

[erwinsmith]

A set of security rules known as PCI compliance, or Payment Card Industry Data Security Standard (PCI DSS) compliance, is intended to ensure that any organization that receives, handles, saves, or transmits credit card data does so in a secure environment. It is a set of rules developed by major credit card firms to secure cardholder data, not a regulation. Noncompliance can have a negative impact on a company's reputation and result in significant fines.