Term: PCI DSS

The PCI DSS is a multifaceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. This comprehensive standard is intended to help organizations proactively protect customer account data. This standard was created in 2005 by the PCI Security Standards Council, an organization founded by American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa, Inc. to help facilitate the broad adoption of consistent data security measures on a global scale. PCI DSS is dramatically changing credit card payment processing. Failure to meet compliance standards can result in fines from credit card companies and banks and even the loss of the ability to process credit cards. VersaPay ensures the protection of information through a strong set of compliance standards.

PCI DSS compliance can be confusing. Speak with a dedicated VersaPay relationship manager today if you have more questions or would like to learn how you can offload your PCI compliance requirements to your payment provider.