Cryptocurrency Q&A
What is PCI in money?
What is PCI in money?
Sara
Wed Oct 30 2024
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5 answers
750
I've encountered the term PCI in a financial context and I'm not sure what it stands for. I would like to understand what PCI means in relation to money or financial transactions.
5 answers
CryptoGuru
Fri Nov 01 2024
PCI represents Payment Card Industry. It is a term that is widely recognized in the field of financial transactions.
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CherryBlossomDancing
Fri Nov 01 2024
The PCI Data Security Standards are a set of national standards that have been issued by the Payment Card Security Standards Council. These standards aim to ensure the security of payment card transactions.
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Giuseppe
Fri Nov 01 2024
These standards apply to all entities that are involved in the processing of payment cards. This includes merchants, who accept payment cards as a form of payment.
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SsamziegangSerenade
Fri Nov 01 2024
Processors, who handle the transactions on behalf of merchants, are also subject to these standards. In addition, acquirers, who facilitate the transactions between merchants and issuing banks, must comply with the PCI DSS.
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Stardust
Fri Nov 01 2024
Issuers, who provide payment cards to consumers, are also required to adhere to the PCI DSS. Furthermore, service providers, who offer support services related to payment card processing, must also comply with these standards.
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