Any company that accepts, processes, or stores credit card information needs to comply with requirements set by the Payment Card Industry Security Standards Council. Merchants require official certification to submit payment information to banks and other financial transaction organisations. These certifications are a global standard, meaning they are accepted all over the world. Failure to comply with the Payment Card Industry security standards may result in heavy fines, restrictions or permanent expulsion from card acceptance programs.
Can you identify a PCI Compliant website?
Yes, websites that are PCI compliant are able to display a range of Trust indicator symbols. Additionally, placing a mouse cursor over the card logos produces a bright green border around the browser window, giving website visitors instant verification that a merchant can legitimately accept card payments. This provides a competitive advantage by reassuring customers that the site is authorised to accept credit cards.