What is PCI Compliance for Merchant Accounts & Why is it important

#PCICompliance #PCI #PaymentCardIndustrySecurityStandardsCouncil
PCI Compliance is a security standard for the payment card industry
And it applies to all businesses and organizations that accept credit card payments.
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• What is PCI Compliance...
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PCI Compliance is a security standard for the payment card industry
And it applies to all businesses and organizations that accept credit card payments.
It was formed in 2004 by the 4 major card brands because of the rise in credit card fraud
At the time it was formed, in 2004 Visa/MC lost some $750m as a result of credit card fraudulent activity and
And obviously that’s very bad thing that no one wants to happen,
with the explosion of online purchases in the last 2 years, it’s even more important now.
So in practice, a PCI Compliance survey is something that a business fills out proving that they’re following the latest security protocols for protecting cardholder data.
In other words, this survey gives you a pass/fail score based on the things you do at your business to keep cardholder data secure.
If you have a question leave a comment and follow for more
(credit card processing and merchant account topics. )

[@ShakeelAhmed-oy2sp]

Superb

[@provenpci]

Kudos on the quick video. Almost all facts are correct, except it was created by the 5 card brands: Visa, MasterCard, Discover, AMEX, and JCB.

[@AnnihStacey]

5 card brands. Including JCB

[@MenuBee]

How to acquire a AOC/ROC for PCI-DSS?

[@maryrelmum]

Thanks! Can we use your services, if we are small company from Italy? Or it’s only for US?