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Analysis: How to profit from PCI compliance

Many businesses see PCI compliance as a load, but to a security reseller those three letters spell out a great sales break.

The credit card majors - Visa, MasterCard and American Speedy - are banging the drum on data security for all companies that submit credit card data, with renewed threat of fines for companies that don't settle Payment Card Industry (PCI) standards. But the new push holds opportunities for acute players in security technologies.

The challenge for resellers is to comprehend the PCI Data Security Standard (DSS) so they can give their customers the advice they necessary to process credit-card payments, and sell them the technology to stopover compliant.

The basics of PCI

In September 2006 the five leading extensive financial institutions - American Express, Discover Economic Services, JCB, MasterCard Worldwide and Visa International - jointly announced the accumulation of the PCI Security Standards Council, an independent body designed to govern the evolution of the PCI DSS, a set of 12 requirements intended to manage and fastened cardholder data that is stored, processed or transmitted by merchants and processors. In detail, the 12 requirements discipline down to around 200 steps.

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