The Payment Card Industry Data Security Standard (PCI DSS) was put in place to protect cardholder data. The PCI Council was established by American Express, Discover, JCB International, MasterCard and Visa. As merchants for payment card transactions, banks need to use standard security procedures and technologies to protect cardholder data.
According to the PCI Security Standards Council, “PCI DSS is a set of universally accepted standards that help protect the safety of customer data.” PCI DSS sets the operational and technical requirements for organizations accepting or processing payment transactions, as well as for software developers and manufacturers of the applications and devices used in those transactions. Put simply, any business entity that is involved in accepting, processing, and storing payment card information is required to comply with PCI DSS. In the 21st Century, this is basically any and all businesses.
Qmulos simplifies PCI DSS compliance in a few easy steps. To the right you can find a link to download the free product brief, addressing some of the confusion behind the new standard, as well as how our solution, Q-Compliance, can assist your organization in quickly becoming compliant and helping your organization and your chosen third-party auditor organization in assessing your level of compliance.