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PCI DSS explained

What is it and why is it important

Updated over a week ago

What is PCI compliance?

Accepting card payments is essential to many businesses, but it also comes with risks.

Fraudsters constantly search for ways to steal customer data, and as a business accepting card payments, it’s your responsibility to protect your customers’ financial information by becoming PCI compliant. In the unfortunate event of a data breach, your customers could suffer, and you might face penalties 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 globally recognised set of security standards for handling cardholder data. Every business that accepts card payments must comply with these standards to become officially PCI compliant.

Why is PCI compliance important?

When your business accepts card payments, you and your customers are sharing sensitive financial details. By achieving PCI compliance, you demonstrate that your business is taking the proper steps to securely manage and protect customer data. This is crucial in reducing the risk of fraud and potential fines in the event of a data breach.

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