Can we host a PCI compliant application on Azure?

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Tags:
PCI compliance
PCI DSS
Windows Azure
I've been trying to host an application on Windows Azure that would store people's credit card information of users who would want to buy monthly subscriptions for a monthly fee. We just have to store the card data as secure as possible. And we know we have to be PCI compliant. Will Azure allow us to do this? What options are out there for us? Thank you.
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