Hi, I’m Melissa Blackburn with 2Checkout,
and today we’ll be talking about Payment Card Industry Data Security Standard, or PCI-DSS.
PCI-DSS is a mandatory set of rules and regulations created to reduce credit card fraud. The Payment
Card Industry Data Security Standard is maintained by the Payment Card industry Security Standards
Council, a group created in 2004 after MasterCard, Visa, Discover, JCB, and American Express
collaborated to create a universal platform to prevent fraud for the transmision of credit
card information. PCI Compliance currently has six objectives: to build and maintain
a secure network, to protect cardholder data, to maintain a vulnerability management program,
to implement strong access control measures, to regularly monitor and test networks, and
to maintain an information security policy. These objectives are maintained through a
set of strict regulations merchants and payment service providers must follow to collect and
transfer credit card information.