Why does PCISSC and PCIDSS matter?
Every card transaction processed involves sensitive cardholder information, which has to be stored and transmitted securely. This is not only to protect your customers, but also your business from the increasing threat of card fraud. In 2006 the card schemes, Visa, Mastercard, AMEX, JCB and Discover Card created the PCISSC. This council is an independent body that manages and maintains Payment Card Industry standards. Merchant Services providers must now ensure that their merchants are working towards PCI DSS compliance. Compliance with PCI DSS is mandatory for all merchants who accept cards for payment in person, on the phone and online. Failure to comply may lead to financial penalties, or withdrawal of your card acceptance facilities.
