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Developed and maintained by the PCI SSC (Payment Card Industry Security Standards Council), PCI DSS (Payment Card Industry Data Security Standard) is a set of industry standards designed to ensure all organizations that handle credit card information do so in a secure environment.
Established in 2006 by a council made up of major card brands, PCI DSS is a key part of retailers data security compliance programs. Whilst PCI DSS accreditation is not required by law, the council has the power to apply fines, increase transaction fees or terminate a merchant’s contract if they do not comply. The standards apply to organizations of all sizes, with four bands of compliance level dependent on fee value of transactions processed each year.
