“A problem well defined is half solved” – so goes an axiom. This is what PCI Compliance is about. In general, PCI stands for Payment Card Industry. With the internet explosion all over the world, there has been a growing need for corporations to stay in touch with the customers on the move 24/7, 365 days a year. Smart phones contributed to the burgeoning success in this sector. This, in turn, accentuated the need for an extra layer of online security on businesses handling credit cards (like payment gateways). This brings us to the PCI Security Standards Council.
The PCI Security Standards Council is a global body that oversees and mentors the development, storage, enhancement and security of customer credit card data. PCI Compliance actually helps curb the menace of credit card data theft, internationally. It translates into a safer environment for customers, and businesses. However, the PCI Compliance is a quarterly affair, which means you have to seek validation of the PCI compliance every year.