What are the laws governing online payments?

In Texas, online payments are governed by the Payment Card Industry Data Security Standard (PCI DSS). This is a set of rules and regulations created by the major payment card brands (e.g. Visa, Mastercard and American Express) that obliges merchants who accept payments via credit/debit cards to maintain a secure environment for the online payment process. The PCI DSS sets out the the standards for data security, mainly focusing on protecting personal and financial information. Merchants must encrypt sensitive customer data both when stored and transmitted, and secure the systems from theft or malicious attack. The PCI DSS also requires merchants to regularly monitor and test their payment systems, have a documented security policy, assign unique ID’s to each customer, restrict access to sensitive data and adopt a secure development life-cycle. All these measures help protect the customer’s data and also help prevent fraud and data theft. In addition to the PCI DSS, online payments are also subject to Texas payment laws which stipulate how payment transactions must be completed and the associated fees charged. These laws also protect the customer from unauthorised use of their debit/credit card in case of theft or fraud. Overall, Texas online payments are well protected by the PCI DSS and the payment laws that are in place. These standards and regulations help ensure that customers’ sensitive information is kept safe, while also protecting the merchant from potential losses due to fraudulent activities.

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What are the laws governing online payments?

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