What is PCI Compliance?

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Anyone who works in retail management long enough has probably heard the head honchos of his or her company talk about PCI compliance. While many people probably have no idea what PCI compliance is or why it is important.

Everyone who uses credit cards, debit cards or flexible spending healthcare cards benefits from PCI compliance standards implemented and regulated by the PCI Security Standards Council.

According to PCISecurityStandards.org, "The PCI Security Standards Council is an open global forum, launched in 2006, that is responsible for the development, management, education, and awareness of the PCI Security Standards, including the Data Security Standard (PCI DSS), Payment Application Data Security Standard (PA-DSS), and PIN Transaction Security (PTS) requirements."

The PCI Security Standards Council implements a list of rules and regulation to help protect electronic payment transactions for the customer and for the business accepting the payment. When a company follows the list of rules and regulations and implements the PCI Security Standards Council's suggestions, they are being PCI compliant.

"The PCI Security Standards Council offers robust and comprehensive standards and supporting materials to enhance payment card data security." When a merchant or business is PCI compliant, they are showing that they care about their customer's well-being and are taking the necessary steps to ensure that their customer's sensitive credit and debit card information remains secure.

With the amount of hacking and internal fraudulent activity that is occurring in today's society, and with the growth of technological advancements leading many people to pursue electronic payment hacking attempts, PCI compliance can be beneficial to not only the merchant but also the customers.

As a business or merchant, your number one interest is your customers, because without them there is no business. By keeping your customers' information secure, you are ensuring that you are looking out for them, even if they are unaware.

PCI compliance benefits the customer and the merchant. If you are a merchant or business owner and you deal with electronic payments from customers or clients, consider becoming PCI compliant and help protect sensitive electronic payment information.

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