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.
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.