Payments definitions glossary

PCI compliance

PCI compliance refers to the Payment Card Industry Data Security Standard, a world-wide benchmark mandated by the card schemes for the protection of cardholder identity and transaction information. If you are not covered and do not comply with the standard you could face substantial fines imposed by card schemes or result in permanently being barred from using card acceptance programs, should a security breach occur.

NETBANX is PCI compliant

If we are collecting card details on your behalf, you will be covered under this scheme. This gives you peace of mind and substantial cost savings by avoiding the necessity to pay for PCI consulting services, risk assessment and compliance certification.

More information about PCI DSS can be found at 7Safe

7Safe is a leading Information Security company. They have been awarded Qualified Security Assessor (QSA) status by the PCI Security Standards Council and specialize in all aspects of PCI DSS.

More payment definitions

Asking yourself “what is an internet merchant account?” Find out about more payment terminology from our payments glossary.