PCI's Bilateral Agreements

Bilateral Agreements in the context of the Payment Card Industry (PCI) refer to contracts between two parties, typically involving payment processors and merchants. These agreements outline the rules and standards for securely handling payment card information. They ensure that both sides understand their responsibilities in protecting customer data against theft or fraud. By establishing these agreements, businesses can comply with industry regulations, minimize risks, and foster trust with customers regarding payment security. Essentially, it’s about creating clear partnerships to uphold safety in financial transactions.