Payments & Banking

PCI Compliance

Adherence to the security standards that protect cardholder data during payment handling.

PCI DSS (Payment Card Industry Data Security Standard) is the set of rules for safely handling card information. Using a PCI-compliant payment platform means card data is encrypted and handled by certified processors, so a chapter never stores raw card numbers — reducing both risk and the chapter's compliance burden.

Related terms

Payment Processor

A company that handles electronic payments between a payer and the recipient's bank account.

Payment Processing Fee

The charge a payment processor takes to handle a transaction, often a percentage plus a fixed amount.

ACH (Automated Clearing House)

A US bank-to-bank electronic transfer network, used for low-cost direct payments from a member's checking account.

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