PCI Compliance
The PCI security standards are a blanket of regulations set in place to safeguard payment account data security. The council that develops and monitors these regulations is composed of the leading providers in the payment industry: American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc. Inc. International. Essentially, they define the best practices for storing, transmitting, and handling of sensitive information over the internet.
VISA International can hold shopping cart software providers responsible for liability that may occur as a result of non-compliance to VISA's regulations. For this reason, VISA may require that online merchants use shopping cart software providers from their List of PCI DSS Validated Service Providers.
Read more about this topic: Shopping Cart Software
Famous quotes containing the word compliance:
“Discipline isn’t just punishing, forcing compliance or stamping out bad behavior. Rather, discipline has to do with teaching proper deportment, caring about others, controlling oneself and putting someone else’s wishes before one’s own when the occasion calls for it.”
—Lawrence Balter (20th century)