You’re probably reading this because you looked up information on PCI compliance. This article explores how you can meet PCI requirements and secure your clients’ sensitive cardholder data.
Today’s business world is highly regulated, and while this has its upsides, there is a great deal of pressure on businesses to stay compliant with all the relevant standards. If your business processes, stores, or transmits credit card information, you need to ensure you meet all the PCI requirements.
PCI non-compliance poses a frightening host of risks such as:
If you aren’t PCI compliant, don’t panic just yet. Our team has assembled this article to share what you need to start your journey towards PCI compliance. Let’s first define some important terms.
The Payment Card Industry Data Security Standards (PCI DSS) is a set of requirements designed to create a secure data environment for any business that processes, stores, or transmits credit card information. It’s a legal requirement and assigns two compliance levels for service providers (third-party vendors) and four for merchants (brands). Behind its launch in 2006 was the need to manage PCI security standards and bolster account security throughout the transaction process.
The PCI Security Standards Council (PCI DSS) is an independent body that administers and manages the PCI DSS. It was created by Visa, MasterCard, American Express, JCB, and Discover. However, the responsibility of enforcing compliance falls on the payment brands and acquirers.
PCI compliance involves consistently adhering to the PCI Security Standards Council’s guidelines (PCI DSS). PCI DSS has the following six major objectives:
Apart from 78 base requirements and over 400 test procedures, PCI compliance also has 12 key requirements.
Our experienced team is eager to help your organization achieve PCI compliance and safeguard your sensitive cardholder data.
Contact us now to schedule your first PCI compliance consultation.
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