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The 12 PCI DSS Requirements to Ensure PCI Compliance

Stax

This is why PCI DSS compliance is critical. Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks. The 12 PCI DSS requirements are meant to help companies achieve six main goals.

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PCI requirements and who needs to follow them

Basis Theory

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, PCI DSS continues evolving. Don't, however, let the term "merchants" fool you.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

Stax

TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. There are 12 requirements under PCI DSS, divided into six major categories. What is PCI Compliance? PCI DSS stands for “Payment Card Industry Data Security Standards.”

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Payment Security: Everything You Need to Know About Secure Payments

Stax

TL;DR The PCI DSS determines security protocols and sets the standards for payment security. Safeguarding customer payment information requires secure processes during the collection, transmission, processing and storage of payment data and working with a trusted payment processor.

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Everything You Need to Know About Secure Payment Processing Systems

Stax

Secure payment systems are easy to implement, as you use your payment processor to create a secure payment gateway. Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. Encryption The fundamental component of secure payment systems is encryption.

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What is a Payment Processor?

Clearly Payments

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. Secure Socket Layer (SSL) encryption became a standard, ensuring the confidentiality of sensitive information during online transactions.

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Securing Financial Transactions: Best Practices Amidst Cyberattacks on Payment Processors

Segpay

Recent cyberattacks on payment processors: The BitMark attack. Compliance with Industry Standards Your business should comply with industry bare minimums like Payment Card Industry Data Security Standard (PCI DSS). Over $150 million lost because of vulnerabilities in the online “hot wallets.” The Travelex ransomware attack.