What are the compliance requirements for payment APIs?
An example of an AI chatbot conversation about compliance in payment APIs.
What are the compliance requirements for payment APIs?
Payment APIs must comply with regulations like PCI DSS, GDPR, and local laws to ensure data security and privacy.
Can you explain PCI DSS and why it's important?
PCI DSS stands for Payment Card Industry Data Security Standard. It's crucial for protecting cardholder data during transactions.
What happens if a payment API fails to comply?
Non-compliance can lead to fines, legal issues, and loss of customer trust, impacting the business significantly.
How can I ensure my payment API is compliant?
Regular audits, staying updated with regulations, and implementing security best practices are key to ensuring compliance.
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