The Need for PCI Compliance and How it Can Help Grow Businesses

PCI DSS Compliance | Image Resource : sisainfosec.com

Companies that abide by the Payment Card Industry’s Data Security Standard (PCI-DSS) requirements and satisfy the constraints ensure their customers that their payment information and other details are secured from the predators on the web. Complying with PCI-DSS guarantees users and organizations that their card data is secured.

Information phishing and data hacking are increasing day by day as a lot of sensitive information is available online due to the increasing transactions happening daily.

PCI-DSS Compliance among Indian Companies

Most of the Indian e-shopping giants and companies accepting e-payments do not directly gather credit card data entered during making payments by their customers. Instead, they redirect the customer to the respective bank’s payment page where the user can enter their personal information and card details. With this, the e-shopping website minimises its chances of getting hacked neither does it carry the risk of having their customer data stolen.

In some scenarios, certain websites ask their users to enter their card information on their page before redirecting them over to the chosen payment method. Doing so makes them answerable to the PCI DSS compliance and auditing officials.

Why abide with PCI DSS Compliance?

Being compliant with the PCI-DSS norms not only guarantees customer’s trust but also curtails one’s company from becoming a prey of online predators.

However, PCI-DSS is not very popular in India. Ironically, India is the second most habituated country where e-payments are extensively done in various transactions and businesses. Nowadays, the transaction levels of debit/credit cards is much more popular than it was 5 years back, as it is the most convenient and fastest means of making payments. The size of the payment card’s market is very big, and it is increasing day by day. This has given rise to various frauds and misdoings related to credit/debit cards, that it has become vital for all organizations accepting e-payments to cover themselves under PCI-DSS.