PCI DSS stands for Payment Card Industry Data Security Standard.
What PCI DSS standards actually is, however, is a set of guidelines, measures, and controls that were developed by industry to help merchants implement strong security precautions to ensure safe credit card usage and secure information storage. To give the customer and merchants a piece of mind in knowing their website transactions are safe.
The PCI DSS standards were created in response to the need for an environment in which consumers can engage in secure e-commerce. An individual's personal information is a very valuable commodity in today's digital age and we at FlorEssenceTea.com take it very seriously. Almost anything can happen if someone else got a hold of that information. And if word spreads too far, or consumers begin to develop a complete distrust of the digital payment process, they will stop making purchases with their cards.
We at FlorEssenceTea.com welcomed the new PCI DSS standards mandate that any and all merchant who processes, stores, or transmits credit card numbers be compliant with 12 specific requirements.
Originally, the five major credit card companies had their own programs and lists that merchants were required to comply with. The PCI DSS Standards came into being as a result of the realization that their goals, in this instance, were pretty close together. They each knew that a standardized set of guidelines and requirements would make things much easier for merchants to comply with them. The hope was that if the process was made simpler, merchants would be more likely to quicken their compliance.
The world of e-commerce moves at lightning speeds, and sometimes it seems like all we can do just to keep up. Taking the time to look ahead, to plan for evolving security measures and long term defensive strategies seems like time that could be spent doing something else. But we must never forget that it is very important to maintain a firm grasp on long term success.