Merchant Account PCI Compliance
PCI compliance is a topic which most merchants do not like, because they feel that it is hard work for them. The Payment Card Industry (PCI) has laid down certain guidelines, known as the Data Security Standard (DSS), which is used to ensure that all merchants who process credit card transactions provide adequate security to the credit card holders' data, so that the data cannot be misused. The need for this standard arose when there were many fraudulent transactions reported by merchants who had no clue how the data had leaked out from their machines. To make sure that such fraudulent transactions do not take place often, the PCI DSS came into being, and the credit card companies have issued all merchants a notice that if they do not take the guidelines seriously to become PCI compliant, they will be levied a fine. Read more [...]