In today's world, the use of credit cards is getting increased in a fast, rapid manner. With the increase of the use of such cards, the industries regarding such cards are blooming fast. Now, as these industries are blooming, frauds, who are taking help of these industries, are increasing in number as well. At times these forgers use to bankrupt the owner of the credit card.
All the companies that use to store, process, send as well as control each and every kind of credit card information of their users are usually take help of these compliances. PCI compliance helps to create a completely safe environment for all the users, and thus helps a lot in such kind of credit card business. The security standards, which are establishing the benchmark of the PCI compliance companies, are set by the users of the following five major credit cards - Visa Card, MasterCard, American Express, Discover and JCB. Most of the merchant these days use to pay through credit cards and also use to acquire the money through it as well. Now, for this reason, it is designed to ensure you that you money and all information regarding the transfer of money and your business will be completely protected.
Major cards which are meant for transaction of money are subject to such kind of PCI Compliance, such as - debit card, credit cards, prepaid cards, ATM cards, and e-purse and so on. These standards of security are set up by the Payment Card Industry Security Standards Council, and must be maintained by all the organization concerned with credit card transaction.
The basic goal that is fulfilled by such kind of PCI Compliance is to secure the information stored in the credit cards of the clients, and make their money safe from frauds. The security standards are needed to be updated for each and every year. It has been set up in the year 2006 and currently the version 2.0 is ongoing, which is released in the month of October of 2010. Organizations which are not following PCI Compliance are subject to fines if any kinds of client complaints are filed against them. This program is started as five different programs for Visa Card, MasterCard, American Express, Discover and JCB data security respectively.
Setting up a firewall will be the most appropriate in this case. By doing so, not only the companies which are concerned with online transaction and credit card facilities are favored, but also those who are the customers of these companies and use to take help of online transactions through credit cards more often will be highly benefited as their money will be completely safe and secured during the transaction period by this PCI Compliance.
All the companies that use to store, process, send as well as control each and every kind of credit card information of their users are usually take help of these compliances. PCI compliance helps to create a completely safe environment for all the users, and thus helps a lot in such kind of credit card business. The security standards, which are establishing the benchmark of the PCI compliance companies, are set by the users of the following five major credit cards - Visa Card, MasterCard, American Express, Discover and JCB. Most of the merchant these days use to pay through credit cards and also use to acquire the money through it as well. Now, for this reason, it is designed to ensure you that you money and all information regarding the transfer of money and your business will be completely protected.
Major cards which are meant for transaction of money are subject to such kind of PCI Compliance, such as - debit card, credit cards, prepaid cards, ATM cards, and e-purse and so on. These standards of security are set up by the Payment Card Industry Security Standards Council, and must be maintained by all the organization concerned with credit card transaction.
The basic goal that is fulfilled by such kind of PCI Compliance is to secure the information stored in the credit cards of the clients, and make their money safe from frauds. The security standards are needed to be updated for each and every year. It has been set up in the year 2006 and currently the version 2.0 is ongoing, which is released in the month of October of 2010. Organizations which are not following PCI Compliance are subject to fines if any kinds of client complaints are filed against them. This program is started as five different programs for Visa Card, MasterCard, American Express, Discover and JCB data security respectively.
Setting up a firewall will be the most appropriate in this case. By doing so, not only the companies which are concerned with online transaction and credit card facilities are favored, but also those who are the customers of these companies and use to take help of online transactions through credit cards more often will be highly benefited as their money will be completely safe and secured during the transaction period by this PCI Compliance.
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