What is PCI Compliance?
Introduced by the major card brands, the Payment Card Industry Security Standards Council (PCI SSC) formulated a set of guidelines to enforce a robust card data security process. Any merchant storing, processing, transmitting, or affecting credit or debit card information must always adhere to the standards and certify compliance annually. Regardless of your payment processing method, PCI compliance is a requirement for every business that accepts credit and debit cards.
There are three main reasons why merchants should worry about online data security:
To give your customers peace of mind
To improve your trustworthiness and therefore your sales
To protect yourself from liability and damages
To ensure that you are PCI Compliant, all Credit Card and ACH payments must be stored in the encrypted Payment details
