The PCI-DSS otherwise called the Payment Card Industry Data Security Standard has been formulated by the five major credit card companies VISA, MASTERCARD, AMERICAN EXPRESS, DISCOVER and JCB to mitigate risks involved through online purchases and transactions and prevent data loss and massive security breaches. The PCI standards are for companies that handle credit card payments – accepts, processes and stores credit card payments and data. The companies are ought to handle the credit card data securely with a hosting provider that is PCI compliant.
