PCI DSS
PCI DSS Explained
PCI DSS (Payment Card Industry Data Security Standards) was developed by the major
credit card companies to assist merchants in preventing credit card fraud and to
improve security around processing and storing credit card details.
PCI DSS compliance is an important standard for any organisation storing, processing
or transmitting credit card data to have and maintain. It ensures that sensitive
customer data and the security of all systems that have access to this sensitive
information is maintained and secured at all times.
Why PCI DSS?
As on online payment gateway, eWAY is subject to standards imposed on the industry
by major card issuers such as Visa and MasterCard. PCI DSS is a set of guidelines
developed to help organisations that process credit card payments prevent credit
card fraud, hacking and various other security issues. A company processing, storing,
or transmitting credit card numbers must be PCI DSS compliant or they risk losing
the ability to process these payments.
The PCI DSS is a set of comprehensive requirements for enhancing payment data security
and was developed by the founding payment brands of the Payment Card Industry Security Standards Council, including
American Express, JCB, MasterCard and Visa to encourage the broad adoption of consistent
data security measures around the world.
The PCI DSS is a security standard that includes requirements for security management,
policies, procedures, network architecture, software design and other critical protective
measures. This comprehensive standard is intended to assist organisations to proactively
protect their customer's information.