PCI Compliance for Small to Medium-Size Businesses
Payment Card Industry Data Security Standard Conditions apply to all the companies and business entities who use non-cash based payment methods such as credit cards, ATMs, debit cards, etc. Storing, processing and transmitting cardholder data requires utmost care and security for the well-being of the company and the cardholder and PCI Compliance is here to ensure that. The primary objective of this compliance is to promote safe transactions and keep hackers and malware intrusions at bay. The general requirement of implementing procedures advised by the Payment Card Industry Data Security Standard also prevents unauthorized access, security breaches, and identity theft. Those companies and business entities who peruse the practice of non-cash payments and are not following the standards set by the PCI DSS will face dire consequences and will be subject to legal penalties.
Hence, here are the ten fundamental conditions laid out by the Payment Card Industry Data Security Standard or PCI DSS compliance terms to maintain a global forum for the ongoing research and development, enhancement, storage, dissemination and the implementation of security standards for account data protection.