Issues in Risk Management: Payment Card Industry (PCI) Data Security Standard Compliance

Topics:
Commercial Banking,
Commercial Lending,
Enterprise Risk Management
Tags:
Compliance,
Sales,
Risk Management,
Payment,
Operational Accounting,
McAfee Inc.,
Financial Services,
Finance,
Credit Card,
Sales Channel
Source:
McAfee

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Overview: As credit card usage continues to expand, preventing the fraudulent use of cardholder information becomes increasingly important. This paper describes the Payment Card Industry (PCI) Standard which grew out of the programs initiated by Visa and MasterCard. It was developed to create a common industry standard for protecting cardholder account information across all card brands, making compliance simpler and more uniform. The focus of the PCI Data Security Standard is to ensure that confidential cardholder information is protected from unauthorized access or use wherever it resides. To accomplish this, the Standard defines twelve major requirements for data security, each having one or more sub-requirements.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 69KB | Date: Mar 2005 | Pages: 9

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