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Keeping Online Payments Safe

Security standards might make you rethink your payment system.

This story appears in the February 2007 issue of Entrepreneur. Subscribe »

Ever hear of the Payment Card Industry Data Security Standard? Get to know it because not complying with the PCI DSS could cost you big bucks.

The PCI standard, a requirement since 2001 that's increasingly being enforced among growing businesses, is intended to help organizations protect customer account data. It includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. Under the PCI DSS, , , and other associations mandate that merchants and service providers meet certain minimum security standards when they store, process and transmit cardholder data.

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