Kwaj Online Business and Finance

All credit or debit card holders need assurance that their account and transaction information is safe when they offer their cards for payment during a sale, through phone, over the internet, or any other form of transaction. Certainly, one would never want their credit or debit card accounts to be tracked, used, or seized without their consent, regardless of their account or transaction amount.

Hence, all members of the Payment Card Industry (PCI) – banks, merchants, and Member Service Providers (MSPs) – that collect, store, process, and transmit credit or debit card data are required to adhere to a set of security standards. Called the PCI Compliance, this set of security standards was developed to safeguard cardholders’ account and transaction information.
Read the rest of this entry »