Electronic Banking: PCI Data Security Standards

If you’re someone who has business online or accepts credit or debit card payments then you should know what PCI standards mean. Basically, PCI stands for Payment Card Industry which is actually the PCI Data Security Standard (DSS) as officially known today. This standard for electronic payment covers all associates, retailers and providers that operates, holds or transfers cardholder data files. Complying with the said standards provides the main approach to protecting clients’ sensitive data. It involves basic requirements such as security configurations and the use of parameters, encryption of data transferred over public networks, management read more…

PCI Data Security Compliance Requirements

The Payment Card Industry Data Security Standards or the PCI-DSS is a set of regulations that is adopted by companies that store, process or transmit credit card data.  Major financial organizations like VISA, Mastercard, American Express and Discover all have to comply with the set of security standards given by the PCI-DSS.  The PCI Security Standards Council controls the standards, security policies and procedures that establishments must use.  The PCI-DSS compliance pertains to network configuration and segregation, password, encryption, anti-virus policies, and the company’s software development lifecycle.  The standards are broken in to 12 requirements.

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