Compliance
PCI Security Council Standards
The Payment Card Industry (PCI) Security Standards Council was created by the payment card associations American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa, Inc. This council subsequently created a uniform set of data security requirements for all national card brands. These requirements became known as the PCI Data Security Standard (PCI DSS), governing all the payment channels such as retail, mail orders, telephone orders and e-commerce.
These standards also apply to all card scheme members; issuers, acquirers, merchants and service providers. These security requirements dictate how cardholder data may be stored, processed or transmitted; and the systems, policies and procedures that must be used for managing cardholder data. Due to the serious financial impact of data breaches, the global mandate for PCI DSS has moved to a position of prominence and compliance must be validated on an annual basis.
