A slightly more restrictive notion is that of a strictly compatible system of ℓ-adic representations which offers more control on the compatibility properties. More recently, some authors[1] have started requiring more compatibility related to p-adic Hodge theory.
Importance
Compatible systems of ℓ-adic representations are a fundamental concept in contemporary algebraic number theory.
Serre, Jean-Pierre (1998) [1968], Abelian l-adic representations and elliptic curves, Research Notes in Mathematics, vol. 7, with the collaboration of Willem Kuyk and John Labute, Wellesley, MA: A K Peters, ISBN978-1-56881-077-5, MR1484415