What is PCI compliance?
PCI compliance refers to meeting the PCI DSS (Payment Card Industry Data Security Standard) — a set of global security standards designed to protect cardholder data.
If your business accepts card payments, you are responsible for handling customer payment data securely and following these standards.
What is PCI DSS?
The PCI DSS is a globally recognised framework that helps businesses:
Protect sensitive cardholder information
Reduce the risk of fraud and data breaches
Maintain secure payment processes
All businesses that accept card payments are required to comply with these standards.
Why is PCI compliance important?
PCI compliance helps to:
Protect your customers’ payment data
Reduce fraud and chargeback risk
Avoid penalties or fines in the event of a data breach
If cardholder data is compromised, businesses may face financial penalties and increased scrutiny from payment providers.