Many people have heard about Payment Card Industry or PCI compliance but only few are really aware of what it is about and what it do. I am going to talk about on how its functions for the companies that provide web hosting services in this article.

 

The question now is, what is Payment Card Industry? Well in reality, the Security Standards Council has set some worldwide info security standards in an effort to prevent credit card frauds, ensure security every time a payment card is used to make payments for transactions and to protecting personal information of clients. Know more about this from our site. Complying with the said standards if they're accepting credit cards is very important for all members of the Payment Card Industry or the organizations that are holding, processing or exchanging cardholder's info.

 

Banks and credit card companies on the other hand have the authority of making fines in the instance that someone failed to meet the compliance standards. Whether you believe it or not, they could even disable the credit cards to process.

 

We already discovered that PCI compliance deals with all type of credit card processes whether it's an online order entry system or swiping machine. Further information about these compliance deals are discussed in our site. What this mean is that it makes it obligatory for online transactions to ensure that they meet the security standards set by the PCI.

 

Actually, leading credit card companies have created the PCI DSS or the Payment Card Industry Data Security Standard to set as a guide and a tool for merchants that are processing, storing and transmitting data of credit cards in having much more sufficient security measures that is more powerful as well.

 

And due to the reason that there are so many breaches in security of organizations as well as high profile individuals in the past, the attention of consumers have directed on the processes that the merchant might or might not been implementing proper security protection to protect their info and data. Learn further data about this through the site at http://en.wikipedia.org/wiki/Payment_Card_Industry_Data_Security_Standard.

 

However, complying with the set requirements of the PCI DSS may be a little bit time consuming, costly and difficult enough for merchants as an effort to hold off to their PCI compliance. And to encourage merchants to follow their requirements, the PCI has since created a great number of incentives and benefits as well as penalties and fines.

 

Perhaps you might not believe it but compliance hosting is applied as well to virtual stores that are doing transactions with the customers in the internet. As a matter of fact, they are the ones that are frequently dealing with customers who are paying with credit cards and thus, they are the one who has to apply a stricter rule in this matter.