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Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCIDSS continues evolving. Don't, however, let the term "merchants" fool you.
TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. There are 12 requirements under PCIDSS, divided into six major categories. What is PCI Compliance? PCIDSS stands for “Payment Card Industry Data Security Standards.”
It also ensures that data security best practices, particularly PCIDSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.
When a customer purchases on a merchant’s website, the payment gateway securely collects and transmits the payment information to the payment processor or acquiring bank for authorization. Payment gateways facilitate the secure transmission of payment data between a merchant’s website and the payment processor or acquiring bank.
Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. A payment processor is a service that manages the transaction process by transmitting data between the merchant, the issuing bank, and the acquiring bank.
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