This article will explain PCI DSS and the importance of complying with this important information security standard. With regards to information security, PCI stands for the Payment Card Industry. A DEFINITION OF PCI COMPLIANCE. What Is PCI DSS Compliance? PCI DSS stands for Payment Card Industry Data Security Standard, which sets the requirements for organizations and sellers to safely and securely accept, store, process, and transmit cardholder data during credit card transaction to prevent fraud and data breaches. https://www.investopedia.com/terms/d/decision-support-system.asp The requirements developed by the Council are known as the Payment Card Industry Data Security Standards (PCI DSS). PCI DSS stands for Payment Card Industry Data Security Standard. The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements intended to ensure that all companies that process, store, or transmit credit card information maintain a secure environment. It is a set of actionable security requirements and regulations online business merchants need must adhere with to be in compliance. In subsequent articles we will discuss the specific regulations and their precise applications, at length. PCI Compliance ensures that organizations that deal with credit card and payment card data are taking proper measures to protect customer financial data. What is PCI DSS? Before the council was formed, each credit card company had its own security system. It is a set of actionable security requirements and regulations online business merchants need must adhere with to be in compliance. PCI DSS stands for the Payment Card Industry (PCI) Data Security Standard (DSS). PCI DSS stands for “Payment Card Industry Data Security Standard.” These policies and protections were set in place by the Payment Card Industry Security Standards Council, which was created by the major credit card companies. Standard PCI DSS presents common sense steps that mirror best security practices you can follow toward minimizing the threat of data compromise and maintaining customer trust. The Payment Card Industry (PCI) Data Security Standards (DSS) is a global information security standard designed to prevent fraud through increased control of credit card data. PCI DSS has 12 key requirements, 78 … The PCI DSS is a proprietary information security standard that was established in 2004 by the major credit card brands. PCI data security standards (PCI DSS) help ensure financial data security. It was launched on September 7, 2006, to manage PCI security standards and improve account security throughout the transaction process. PCI DSS is the global data security standard that any business of any size must adhere to in order to accept payment cards, store, process, and/or transmit cardholder data. 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