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July 28, 2014

PayAnywhere FAQ of the Week: What is PCI Compliance?

Written by Brooke Tajer

samsungQuestion: What is PCI and why do I need to be PCI compliant? Is it important for my business that I be PCI compliant? How do I do it?

Answer: PCI stands for Payment Card Industry Data Security Standard. This is a set of requirements designed to ensure that all companies processing, storing or transmitting credit card information maintain a secure environment. So why do you need to be PCI compliant? That's easy, it's the law. In addition to it being the law, it makes sure that everyone's data, including your own, stays safe and secure. No matter how long you've been in business, PCI still applies to you if you store, process or transmit credit cards.

To learn more about PCI compliance and PayAnywhere, visit www.payanywhere.com

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