Evolving trends in Payment Card industry
With the budding trend of e-commerce industries, we are seeing an all-time high in transactions happening via Card-Not-Present channel. As the organizations allow features like express check-out, they end up storing cardholders data. Hence, the need to protect the card holder data has increased manifold. It is, therefore, no wonder, that companies are suddenly finding themselves in a hurry to be PCI Compliant. Being PCI-DSS compliant not only ensures that the company is certified, it inculcates confidence in customers that their data is well-protected against any kind of fraud or misuse. However, it is not only PCI DSS compliance that we are seeing being chased upon. There are number of other factors which are dominating the payment card industries these days. In this article, we observe some of the evolving trends in Payment Card Industry: Increase in Card-Not-Present transactions Gone are the days, when consumers were afraid to dispense their conservative style of b...