The Payment Card Industry (PCI) includes organizations that store, transmit or process data from cardholders, which most commonly includes credit cards and debit cards. Before 2015, the primary security measures for payment cards was a magnetic stripe and signature. This security method is now being replaced with integrated chip (IC) cards, also known as “chip cards.” American Express, Discover Financial Services, Japan Credit Bureau, MasterCard Worldwide and Visa International joined together to form the Payment Card Industry Security Standards Council (PCI SSC). The goal of the PCI SSC is to manage the evolution of the Payment Card Industry Data Security Standard.
Would you like to learn more about PCI and other compliance requirements? Take a look at Rsam's Compliance Management software solutions.