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What is PCI DSS (Payment Card Industry Data Security Standard) ?

What is PCI DSS (Payment Card Industry Data Security Standard) ?

The Payment Card Industry Data Security Standard (PCI DSS) is a set of industry-mandated requirements for any business that handles, processes, or stores branded credit cards from the major card schemes.

PCI DSS is maintained by the Payment Card Industry Security Standards Council, a group created in 2004 after MasterCard, Visa, Discover, JCB, and American Express collaborated to create a universal platform to prevent fraud whenever credit card information is being transmitted.

How does the Payment Card Industry Data Security Standard (PCI DSS) work ?

Compliance with PCI DSS is a continuous process that involves 3 steps:

  • Assess

    Assess: Identify and inventory assets and processes that handle cardholder data, and analyze them for vulnerabilities that could lead to exposure.

  • Repair

    Repair: Remediate vulnerabilities and secure business processes.

  • Report

    Report: Document the assessment process and remediation performed to fix the vulnerabilities, and share compliance reports with the bank/card companies that you do business with.

How does the Payment Card Industry Data Security Standard (PCI DSS) work ?

PayCEC was established in response to the growing need for businesses to accept online payments more quickly and easily.

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PCI DSS Compliance currently has six objectives:

The objectives of PCI DSS Compliance are maintained through a set of strict regulations merchants and Payment Service Providers must follow to collect and transfer Credit Card information.

Build and maintain a secure network

Build and maintain a secure network

Protect cardholder data

Protect cardholder data

Maintain a vulnerability management program

Maintain a vulnerability management program

Regularly monitor and test networks

Regularly monitor and test networks

Maintain an information security policy

Maintain an information security policy.

Implement strong access control measures

Implement strong access control measures

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about us

We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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