PCI Compliance means your business is abiding by data security standards established by the Payment Card Industry Security Standards Council, and verified as such.
This council was formed by Visa, MasterCard, Discover, American Express and JCB International, and the standards are designed to help merchants safely secure, store, process, and handle sensitive customer data. All businesses that accept credit cards are subject to these standards.
The major card brands created this system to verify that you’re meeting pre-set security standards for PCI compliance. These standards are updated regularly to help merchants mitigate potentially unsafe card practices. By becoming PCI Compliant, you’re ensuring that your business is staying as protected as possible from fraud, and accepting credit cards in the manner that Visa, MasterCard, AmericanExpress and Discover safe and appropriate.
Becoming PCI compliant and staying compliant is pretty simple. Your business will be required to go through an annual Self-Assessment Questionnaire (SAQ) to determine any potentially unsafe practices. Certain organizations may have additional requirements to become compliant based on their processing methods.
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