{"id":33167,"date":"2021-10-22T11:02:00","date_gmt":"2021-10-22T18:02:00","guid":{"rendered":"https:\/\/birdeye.com\/blog\/?p=33167"},"modified":"2025-12-11T15:18:48","modified_gmt":"2025-12-11T23:18:48","slug":"pci-compliance-requirements-that-every-business-needs-to-understand","status":"publish","type":"post","link":"https:\/\/birdeye.com\/blog\/pci-compliance-requirements-that-every-business-needs-to-understand\/","title":{"rendered":"PCI compliance requirements that businesses need to know"},"content":{"rendered":"\n

Did you know that credit card fraud statistics show that within 2 seconds there\u2019s a new victim of identity theft<\/a>? Credit card fraud accounted for 393,207<\/strong> of the nearly 1.4 million reports of identity theft<\/a> in 2020. Consumers are paying their electric bills and mortgages and dentists, buying groceries and cars and having meals delivered to their doorsteps, all because they can make payments digitally. <\/p>\n\n\n\n

Consumer demand is driving digital payments as payment-on-the-go is becoming more of a norm than an exception. As this trend continues to grow, so are the fraud attempts. A recent report published by SAS<\/a> indicated that the industry has seen an increase of almost 35% in fraud attempts in 2020.   What is the solution for safe transactions to make your customers feel confident their payment information is secure? Payment Card Industry compliance (or simply put – PCI compliance<\/strong>). There are 12 PCI compliance requirements set forth by the PCI SSC, we\u2019ll dive into the requirements later, but first here is some more information about PCI compliance and what it means for your business.  <\/p>\n\n\n

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PCI standards for compliance are developed and managed by the PCI Security Standards Council. Meeting PCI compliance requirements are mandated by credit card companies to help ensure the security of credit card transactions and include technical and operational standards that businesses need to follow to secure and protect credit card data provided by cardholders and transmitted through card processing transactions. Whether the consumers are making payments online, via POS terminals, or paying using text, compliance with PCI standards ensures that your customers are assured that their payment information is secure. <\/p>\n\n\n

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Now let’s get into the nuts and bolts of PCI compliance and why your business needs to understand the requirements.<\/p>\n\n\n\n

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