Payment Service Provider (PSP)

A payment service provider (PSP) offers shops online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking.

Payment Card Industry Data Security Standard (PCI DSS)

PCI DSS stands for “Payment Card Industry Data Security Standard”. It is usually referred to as “PCI” for short. PCI is an industry standard, designed to make it safer to use credit cards online by making sure that business collecting credit card data transmit and store it securely.