PCI DSS stands for Payment Card Industry Data Security Standard. It is an information security standard for businesses that handle card payments. This standard is mandated by card companies and administered by the Payment Card Industry Security Standards Council.
When taking card payments, you are processing highly sensitive and confidential financial and personal data; by maintaining the security standards set, merchants and their customers are protected against fraud.
Every business that accepts card payments from their customers has to comply with PCI DSS regulations, or they may be liable to a fine. Each merchant that goes live has to complete a PCI questionnaire which the acquiring bank will forward to them.
If you require any assistance in completing the questionnaire, please do not hesitate to contact our Customer Service team and we will assist you.
Most providers charge merchants a PCI DSS fee, which will be shown on your bill. If you fail to complete the questionnaire within the time frames allowed, you could face expensive penalties for non-compliance.