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You’re making a purchase at a retail store, and the cash register is large, clunky, and painfully slow, even for 2004. Thanks to the advancements in payment technology, the answers are not difficult to find. Contactless payments are quickly gaining traction among users, and it’s not just younger generations and tech-savvy consumers.
Payment Card Industry Data Security Standard is a set of regulations or standards formalized by the PCI SSC (Payment Card Industry Security Standards Council) or PCI Security Standards Council in 2004. Before 2004, credit card companies had their own set of rules for cybersecurity. PCI DSS requires an annual review of the policy.
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