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Merchant Statements
How did the Payment Card Industry standards come to fruition? Let’s start with the body that governs their development; the PCI Security Standards Council (PCI SSC). The PCI SSC is a worldwide consortium of security experts from different areas of payment processing, including businesses taking credit card payments.
READ MOREPayment Card Industry (PCI) compliance is an absolutely essential cog in the wheel that turns e-commerce. While it’s legal in the U.S. to not comply with PCI standards, failure to do so can result in bank fines, an inability to do business with Card Associations like Visa and MasterCard and — most importantly — put your customers’ personal information at risk.
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