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PCI DSS explained

What is it and why is it important

Updated over 3 months ago

What is PCI compliance?

If your business takes card payments, you’re in the money—but you’ve got some responsibilities, too! With fraudsters lurking around every corner, it’s super important to keep your customers' financial info safe by becoming PCI compliant. If there’s a data breach, your customers could be at risk, and you could face fines of up to £90 for each compromised card.

Please visit How to report your PCI compliance to make sure you’ve completed all the necessary steps.

The Payment Card Industry Data Security Standard (PCI DSS)

The Payment Card Industry Data Security Standard (PCI DSS) is a set of global security standards designed to help businesses protect cardholder data. If you’re accepting card payments, you’ve got to follow these standards to be officially PCI compliant.

Why is PCI compliance important?

When customers swipe their cards, they’re sharing sensitive info with you. By becoming PCI compliant, you show that you’re serious about protecting that data. It’s all about reducing fraud risk and avoiding nasty fines if something goes wrong.

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