Payment Card Industry Data Security Standards

“PCI-DSS” refers to the Payment Card Industry Data Security Standards, which is a set of security standards developed by the major credit card companies. Every merchant that takes credit cards is subject to PCI-DSS through the agreement it has with its credit card processor. Under such processing agreements, the merchant agrees to comply with PCI-DSS and acknowledges that the processor may conduct audits to assess compliance (such audit requests are often triggered by a data breach). Non-compliance may result in fines or ultimately in the revoking of the merchant’s ability to take credit cards for payment.

Previous articleTrump Hotels Plans 10 American Idea Hotels
Next articleEmerald Hospitality to Develop Dual-Branded Hilton Hotel