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What is PCI DSS Compliance?
The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that ALL companies that process, store or transmit credit card information maintain a secure environment.
The PCI DSS is administered and managed by the PCI Security Standards Council (SSC) www.pcisecuritystandards.org), an independent body that was created by the major payment card brands (Visa, MasterCard, American Express, Discover and JCB.).
SIMPLEPCIDSS is Nationwide’s PCI Program Provider.
ALL MERCHANTS AND ORGANIZATIONS
Regardless of size or number of transactions, all merchants that accept, transmit or store any cardholder data must comply with the PCI DSS.
Merchants that do not comply with PCI DSS may be subject to fines, card replacement costs, costly forensic audits, brand damage, etc., in the event a breach may occur.