What is PCI Compliance?
When a company is PCI Compliant, they store, transmit, and process customer credit card data in a secure manner.
PCI stands for Payment Card Industry Data Security Standard.
Who Governs PCI Compliance?
Individual card processing companies, such as Visa, MasterCard, American Express, and Discover formed PCI and set and enforce regulations.
Why is compliance important?
If a company is non-compliant, and suffers a breach of their client's credit card information, they are subject to:
- Fines starting at $10,000
- Cancellation of Credit Card privileges.
- Lose of confidence and goodwill from your client base.
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