PCI DSS: Secure Credit Card Payments

PCI DSS (Payment Card Industry Data Security Standard) is an information security standard for organizations that handle credit card and debit card information. It was created by major credit card companies such as Visa, MasterCard, American Express, and Discover, to ensure that all merchants and service providers who accept, process, store, or transmit credit card information do so securely and protect customers’ data from theft and fraud. PCI DSS outlines twelve requirements for organizations to follow in order to protect cardholder data, including maintaining a secure network, protecting cardholder data, regularly monitoring and testing networks, and maintaining an information security policy. It also requires organizations to assign a unique ID to each person with computer access, restrict physical access to cardholder data, and regularly monitor and test networks. PCI DSS applies to all organizations that accept, process, store, or transmit credit card information, regardless of size or number of transactions. Compliance with PCI DSS is mandatory for any organization that handles credit card information, and failure to comply may result in fines, penalties, and loss of the ability to accept credit cards.

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