Payment Card Industry compliance, also know as PCI, is a set of procedures that govern data security across an extensive series of debit and credit card payments. Businesses are obligated to comply with the requirements outlined by the PCI Security Standards Council in order for your merchant account to stay in good standing.
PCI compliance refers to a set of security standards established in 2006 by the Payment Card Industry. They were developed to ensure that any organization that processes, stores or transmits sensitive payment data maintains certain security protocols. The details of those standards are frequently adapted based on the latest data breach-related activity, and vulnerabilities detected as a result. Because PCI compliance standards differentiate security measures for merchants based on the type and volume of their payment transactions, it’s important for any business to understand the specific requirements that apply to their business model and the channels in which they sell, including affixed and mobile point-of-sale terminals, mobile payments and online payment gateways.
No matter what processing method they use, every business that accepts debit/credit cards must comply with these PCI standards. BluePay has put together a slideshow answering some frequently asked questions and debunking some myths regarding PCI compliance.
Check it out: