If you’re an online merchant, and your store accepts credit cards as payment, then you’ve probably already heard the term PCI compliance. If you haven’t, then start here, and then come back to this post.
The Payment Card Industry Data Security Standard (PCI DSS) was created by banks and credit card companies to protect their cardholders. Failing compliance can result in fines ranging between $5,000 to $500,000. Add to that the probable loss of consumer confidence, civil litigation, and suspension of credit services, and the inconvenience of maintaining PCI compliance far outweighs the cost of ignoring it.Posted in: eCommerce, Security