Understanding, experience and technology for success
Significant rise in the number of credit card holders has led to a proportionate increase in the online transactions. These transactions, however, are increasingly making card holders vulnerable to credit card scams, identity frauds and hacking. To protect sensitive information from such security breaches, PCI DSS (Payment Card Industry Data security Act) has introduced the PCI guidelines. Failure to comply with these standards can result in fines from credit card companies and banks and even the loss of the ability to process credit cards.
Achieving PCI compliance is, however, complex and costly as merchants and service providers have to address approximately 180 individual PCI requirements in 12 categories to avoid nonconformance.And most companies which manage to comply with PCI standards have significant gaps in their compliance strategy.