Payment Card Industry Data Security Standard
(PCI DSS)

PCI DSS is a set of security standards designed to protect the security and privacy of credit cardholders’ data during credit card transactions. The PCI DSS is maintained by the Payment Card Industry Security Standards Council (PCI SSC), which is a collaboration between major credit card companies like Visa, MasterCard, American Express, Discover, and JCB. 

Compliance with PCI DSS is crucial for all businesses that handle credit card information, including merchants, service providers, and financial institutions. To comply with PCI DSS, organizations need to implement various security measures, such as maintaining secure network infrastructures, encrypting cardholder data, regularly monitoring and testing systems, and establishing strong access control measures. The level of compliance requirements varies based on the number of transactions processed annually by a merchant or service provider. The PCI SSC has defined four levels based on transaction volume, and each level has specific compliance requirements.

Non-compliance with PCI DSS can lead to serious consequences, such as fines, increased transaction fees, and the potential loss of the ability to process credit card transactions. Therefore, it is essential for any entity involved in credit card transactions to understand and adhere to the PCI DSS requirements to protect both their customers and their business. 

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