Why PCI Compliance is a Must

Why PCI Compliance is a Must

Given the payment industry’s susceptibility to fraud and the global spike of non-cash transactions triggered by the COVID-19 crisis, there is a pressing demand for enhanced security of payment account data.

The need to operate within a compliance framework is becoming crucial for sellers and buyers, and the framework set up by the PCI Security Standard Council, a “global forum that brings together payments industry stakeholders to develop and drive adoption of data security standards and resources for safe payments worldwide”, founded in 2006 by industry’s giants Visa, MasterCard, American Express, Discover and JCB International, seems to be ideal.

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