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Clearwater Payments White Paper

Ever since there have been credit cards, there have been thieves looking for a way to steal cardholders’ private payment information. When online transactions became commonplace, this new channel was a boon to credit/debit card data theft and fraud. The major card brands banded together in 2004 and created the Payment Card Industry Data Security Standard to help protect their interests and the interests of their card holders. Maintaining compliance with these rules and regulations is critical for all businesses that accept these forms of payment.

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