Payment Card Industry Security Standards Council

What Does Payment Card Industry Security Standards Council Mean?

The Payment Card Industry Security Standards Council (PCI SSC) is an agency established in 2006 that is tasked to manage various security standards for credit card or financial transaction data. The technology for e-commerce uses these standards, as do other kinds of helpful setups for mercantile processes, such as retail point-of-sale installations.

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Techopedia Explains Payment Card Industry Security Standards Council

The PCI SSC consists of various corporate participants that oversee the implementation of comprehensive security programs for financial transactions. These include the major credit card operators Visa and MasterCard, as well as Discover, American Express and JCB. The PCI SSC helps deliver key standards for encrypting and otherwise protecting sensitive financial data. One of these is the PCI Data Security Standard that covers the full life cycle of credit card data security, from prevention to incident response.

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Margaret Rouse
Technology Expert

Margaret is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages.