There are many online merchants all over the world doing many financial transactions every year using the different card systems. The PCI encompasses the strict norms in order to protect and safeguard the confidential information of the card holders. The PCI norms put a check on the use of payment methods by the card holders. These guidelines ensure that each and every card holder should enjoy the hassle free and secured online shopping experience.
In recent years, there are many cases related to online fraud is been reported all over the world. In most of the cases fraud has not been done at the point of transaction, in fact the customers were betrayed after they have successfully concluded the transaction from any online payment gateway. All this has caused losses of more than a billion dollars to various card holders in recent times. These are some serious security concerns to various online merchants. There is been a huge debate on PCI compliance for merchants on the authenticity of these guidelines. There are many retailers, who don’t have that kind of technical expertise which is required in application of the PCI systems.
In recent years, there are many cases related to online fraud is been reported all over the world. In most of the cases fraud has not been done at the point of transaction, in fact the customers were betrayed after they have successfully concluded the transaction from any online payment gateway. All this has caused losses of more than a billion dollars to various card holders in recent times. These are some serious security concerns to various online merchants. There is been a huge debate on PCI compliance for merchants on the authenticity of these guidelines. There are many retailers, who don’t have that kind of technical expertise which is required in application of the PCI systems.
Comments
Post a Comment