Some real facts for the businesses before establishing PCI compliance

In the last few years, the PCI compliance has become one of the most talked about industry norms for various online merchants. One of the major reasons for this is the substantial increase in the demand of the PCI compliance is the rise in the number of online merchants. Whether you own an ecommerce store or a mobile recharge website or may be a money transfer system, you need to go through the PCI Self Assessment Questionnaire before adopting the PCI system.

Before we through light on some of the real facts about the "PCI compliance DSS", it is important to know what exactly is the PCI Compliance DSS and how it works? Basically PCI compliance DSS is the abbreviation of the Payment Card Industry Data Safety Standard and it is the common agenda set by some of the world’s leading payment card services like Visa, Master Card, Maestro, American Express, AMEX, Discover, JCB etc. This common consortium is designed to protect the rights and details of the various users using these payment gateways for making various online payments through the registered online merchants.

Some real benefits to the merchants:

Word of Trust: Every merchant using the PCI compliance for merchants are awarded a PCI DSS badge and users can find that badge on the website of the merchant. As of now, many users also understands the PCI DSS therefore they now show their faith in the merchants that are having the PCI badge on their website; this is called "Word of Trust".

Improved Brand Loyalty: By adhering to the PCI compliance, online merchants attract more consumers to show their loyalty towards the merchant. The brands like Amazon, ebay and Ali baba were not established over night in fact a lot of efforts were put in to make these brands popular among the consumers. People now love to shop from these brands despite of the huge chunk of other brands floating in the markets because of their loyalty.

More wide business opportunities: Not following the PCI means restricting your business to the defined territory and shutting down the doors of progress and growth. Since, most of the merchants are now strictly following the PCI DSS therefore it becomes mandatory for the merchants to follow the norms those who has not been following till yet. If one denies following the PCI then they are closing down the opportunities to grow and expand their business and increase their revenue.

This article is written by Retail Secure team. Retail Secure has in the payments and communications business for over 25 years.