PCI DSS compliance explained
Payment Card Industry Data Security Standard (PCI DSS) is a global security initiative designed to protect your business, your customers and the banks. Created by the major card schemes, PCI DSS is a set of mandatory requirements that apply to all businesses taking credit and debit card payments, regardless of their size or transaction volume.
When a customer makes a card payment face-to-face via a chip and PIN machine, over the phone or online they are entrusting your business with their financial and personal information. Equally, you’re trusting them to be the legitimate cardholder and be exactly who they say they are.
Protection for your business and security for your customers
Every business that accepts, transmits or stores important cardholder data must be compliant to ensure processing and storage is secure, protecting against fraud and other financial crime. Being compliant will not stop fraudsters targeting your business, but it will place you in the strongest position to prevent an attack and avoid the financial and reputational damage that can occur as a result.