PCI DSS Compliance
Payment Card Industry Data Security Standard (PCI DSS) is a set of security requirements for improving the security for payment account data in order to help create a set of consistent data security measures on a global basis. These measures are being introduced to help protect customer's account data. PCI DSS includes requirements for security management, policies, procedures, network architecture, software design, and other critical measures.
If a Merchant does not meet these standards then a monthly fine will be assessed until the Merchant becomes compliant, funds may be held by the processor, or the account can be terminated.
The final deadline for processors to become PCI DSS Compliant is July 2010, so most banks and credit card processing companies have begun enforcing policies and fines on their merchants.
Who Needs PCI DSS Compliance
PCI DSS requirements apply to all merchants and online stores that process, transmit, or store credit card data.
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