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PCI DSS has evolved substantially since the five major credit card holders got together to publish a consolidated security standard in 2006. The standard has been updated regularly with the most recent version, PCI DSS 2.0, released in October 2010. PCI is here to stay, and the requirements are only going to get tighter. Every business that handles credit card transactions is required to demonstrate PCI compliance, even if it only handles one transaction per year. Fines for noncompliance can be as high as $500,000, and repeat violators may be banned from processing credit card data completely.
PCI compliance seems like a no brainer to us at Chargify! Suffering a data breech can be detrimental to not only your company but your customers as well. It’s not worth taking the risk not being compliant!
