The Top 10 Things You Should Know About PCI Compliance

March 23rd, 2007

Khalid Kark

Christopher McClean

With contributor:

Jonathan Penn

Summary

Visa and MasterCard released the Payment Card Industry (PCI) Data Security Standard (DSS) two years ago to ensure consistent security standards for the protection of credit card data. Since then, American Express, Diners Club International, Discover Bank, and JCB International Credit Card have also endorsed the standard and are asking their customers to adopt it. The compliance levels remain low because the consequences for noncompliance weren't clear. Lately, however, the credit card companies have been threatening their clients with severe punitive consequences for noncompliance, including fines or loss of privileges to use their brands. As many companies scramble to get compliant after an initial period of inattentiveness, here are the top 10 things they need to know.

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