Storing credit card data online is most advantageous for businesses that deal with recurring bills or have active account users who make frequent purchases. But if you're not part of this camp, you have to ask yourself why you should store credit card data on your servers.
There are relatively few major networks that provide credit, debit, and prepaid cards, but that together these account for a large number of the payment methods you'll see. Here, we'll give a brief overview of the five networks covered by PCI DSS as participants in the PCI.
PCI is a series of security standards aimed at preventing data breaches and card data theft. EMV is a security standard as well, but it focuses primarily on preventing counterfeit cards from being produced and used.
A credit card is a card issued to customers that is used to make transactions, with the understanding that, should they be charged, the cardholder must actually pay back the card issuer for the value of the items purchased along with any negotiated fees and interest.
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