Payment Card Industry (PCI) governs all forms of electronic payments. It has laid a set of policies and procedures that need to be abided by the business and is known as Payment Card Industry Data Security Standard (PCI DSS). The regulations are to safeguard transactions and cardholders details against any misuse. Various components namely, Credit Card Associations, Credit Card Issuing Banks, Credit Card Acquiring Banks, Credit Card Processors & Merchant Account Providers, and Payment Gateways facilitate the proper functioning of the Payment Card Industry
