The payment card industry has seen significant growth over the past few years. According to a report , at the end of 2015, there were around 18.08 billion payment cards in circulation worldwide and this figure is expected to grow to 22.90 billion by the end of 2020. Thus, this increased number of customers has posed several security concerns in front of the Payment Card Solution Providers. Thus, many companies are prioritizing the safety and security of their customers’ private information. In the payment industry, new advances in commerce and payment technology are often accompanied by new rules and regulations to help ensure that both customers and businesses are protected. Hence for utmost security, the five largest credit card companies have introduced a standard named Payment Card Industry Data Security Standard (PCI DSS) to help reduce consumer and data breaches. Understanding PCI DSS compliance is essential for business decision-ma...
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