What is PCI compliance?
PCI Compliance is a structured security checklist which aims at securing financial data, and helps to distinguish the secure and reliable businesses from the risky ones. The Payment Card Industry Data Security Standard was created in a joint effort by the major credit card companies: American Express, Visa, MasterCard and Discover to monitor and develop the PCI standard. Consumers who use credit/debit cards online to purchase products or services risk suffering financial losses when businesses process their transactions through systems which are not secure. The PCI standard aims to stop the cause of online financial and identity theft from its source by ensuring the systems which process and store customer details are secure.
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