Banks are reminding consumers that they will no longer be able to sign when they make purchases on their debit and credit cards in Australia from 1 August 2014. Instead, people will need to use a PIN – part of a move to decrease card fraud in Australia.
Payment Card Industry (PCI) Data Security Standards (DSS) refer to a set of standards that must be followed by big and small businesses alike when accepting, storing, processing and transmitting customers’ credit card information. To be compliant with PCI standards, all business owners, including online retailers, should adhere to 12 PCI compliance requirements for best security practices.
Companies and retailers that process credit and debit cards are required to implement the requirements of the Payment Card Industry Data Security Standard (PCI DSS). This ebook looks at why many now feel that this standard should also be implemented by companies that are not required to do so due to its many benefits.