Description: Online payment compliance refers to adherence to regulations and standards established for the secure and efficient processing of financial transactions over the internet. This concept encompasses a series of practices and regulations aimed at protecting both consumers and merchants, ensuring that transactions are conducted safely and in accordance with the law. Key features include user authentication, data encryption, and fraud prevention. The relevance of online payment compliance lies in the growing reliance on digital platforms for making purchases and financial transactions, which has led to increased regulation in this sector. Companies operating in this space must ensure compliance with standards such as PCI DSS (Payment Card Industry Data Security Standard), which sets security requirements to protect payment information. Furthermore, online payment compliance is not limited to security; it also includes transparency in fees and clarity in terms of service, contributing to building trust among users and fostering a more robust and sustainable e-commerce environment.
