PCI DSS recently implemented a new and improved guideline for compliance. However, many business owners are still in the dark in regards to PCI DSS as a whole. Here is a quick refresher covering some of the basics about the policy and how it works.
PCI DSS—The Basics
What does PCI DSS stand for?
PCI DSS stands for Payment Card Industry Data Security Standard. PCI DSS functions to protect the consumer’s sensitive data particularly during POS, ATM, and all credit/debit card transactions.
What year was PCI DSS first implemented?
On December 15, 2004, the Payment Card Industry Security Standards Council (PCI SSC) was formed to lay down the guidelines for a policy. The original version was put in place in September of 2006.