Why are there so many requirements to use credit cards?

The University of Virginia recognizes that individual credit card information is confidential. Failure to maintain strict controls over this information could result in unauthorized use of a credit card numbers and create serious problems for the consumer, the unit, and the University. Credit card information is treated as carefully as other confidential information. In addition, the obligation to comply with industry required PCI standards requires significant diligence and constant review to protect our customers and our reputation.