More than Just Lines on a Map: Best Practices for U.S Bike Routes
What is PCI Compliance and Why Is iIt Important For E-Commerce Sellers
1. What is PCI Compliance and Why is
it important for eCommerce sellers?
Although we're not experts in compliance laws, we have been
working closely with customers and vendors who have gone
through the process. PCI compliance can be a complex topic
involving many layers of detail. This post provides an overview of
what PCI compliance is, how merchants
can become compliant, and which
eCommerce platforms are compliant.
2. PCI Compliance Overview
If you're selling online and accept debit, credit, prepaid, e-purse, ATM or
POS cards as a payment method, you need to understand PCI
and comply with PCI DSS. So what exactly is PCI?
PCI stands for Payment
Cards Industry, and DSS is
the Data Security
Standard that regulates
the way credit card
payments are processed
to ensure that customers'
card information is secure
during the transaction.
3. All merchants that accept credit cards need to be PCI compliant, no matter
the size of their business or industry they're in.
4. Payment Card Industry Data Security Standard (PCI DSS) is an information
security standard for businesses that handle, process and
store credit cards. The standards are defined by the Payment Cart Industry
Security Standards Council (PCI SSC), which includes Visa International, MasterCard
Worldwide, America Express, Discover Financial Services, and JCB.
These standards consist of 12 core requirements with the
objective to protect cardholder data and maintain a secure
network with strong access control measures. Businesses that don't
comply to these standards risk having their data security breached, which could result in
fines as high as $500,000 per incident, being cut off from accepting credit cards, potential
customer lawsuits, and damage to company's reputation and brand.
Article Source:
http://www.articlesbase.com/ecommerce-articles/what-is-pci-compliance-and-why-is-it-important-
for-ecommerce-sellers-5206577.html
Image Source
http://www.ipsi.com.au/
