PCI DSS stands for Payment Card Industry Data Security Standard. It is a set of requirements aimed at helping merchants to protect sensitive cardholder information from possible compromise to prevent fraud. Merchants need to complete an annual compliance review in order to be PCI DSS compliant. Merchants can use Standard Bank Merchant Solution’s Merchant Online portal to access information about PCI DSS and to conduct the compliance assessment. In the event of any fraud or card compromise, merchants who are not compliant with PCI DSS may have to undergo a card brand mandated forensic investigation at their own expense and they would also potentially be at risk of lost sales, loss of customer confidence, fines, penalties for non-compliance, fraud losses and dispute resolution costs. Merchants may also lose their ability to accept payment cards and online payments.