PCI-DSS Security is a critical issue as fraud increases

PCI-DSS Security

Fear of credit card fraud keeps consumers from utilizing Web applications for financial transactions and results in reduced sales for retailers. Lack of trust in the Web requires direct human interaction for all sales, resulting in higher transaction costs. Fraud-related costs

are a significant drag on profitability and productivity for financial institutions. Any way you look at it, credit card fraud erodes customer confidence, increases costs and diminishes the benefits of ubiquitous e-commerce.

The Payment Card Industry Data Security Standard (PCI-DSS) is a global standard governed by the major credit card companies. The standard comprises a set of directives for entities that handle credit cards, with the goal of reducing fraud. PCI-DSS presents the framework for protecting sensitive cardholder and authentication data, providing financial benefits to organizations that are in compliance.

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