Credit card fraud is one of the biggest problems plaguing ecommerce today. It steals money from innocent victims, saps consumer confidence in online shopping, and saddles merchants with expensive and harmful chargebacks. To fight this problem, the industry has backed a set of standards designed to protect consumer data from fraudsters.

The Payment Card Industry Data Security Standard applies to all organizations that process credit cards from the major card networks, and provides guidelines on how to safely handle cardholder information to reduce fraud and data theft. How can merchants protect their customer data and prevent fraud by complying with the PCI-DSS?

Adhering to the PCI-DSS standards isn’t just a matter of internal practice. Compliance with PCI-DSS is certified by the PCI Security Standards Council, and for many merchants, PCI-DSS compliance certification is an important way to communicate to their customers and partners that they take data security seriously and have taken all the steps necessary to protect sensitive data to the best of their ability.

Full Text:
https://www.chargebackgurus.com/blog/pci-dss-compliance

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Production: Emily Woodward
Narration: Sarah Rife