What is the Payment Card Industry Data Security Standard?

The Payment Card Industry Data Security Standard (PCI DSS) is a set of security requirements designed to protect cardholder data and ensure the safe handling of credit card information. In Washington, this guideline is enforced by the state banking division and the Washington Department of Financial Institutions. The PCI DSS is a global industry standard that is developed and maintained by the Payment Card Industry Security Standards Council, an independent organization. It includes guidelines for hardware and software, such as encryption and password requirements, as well as procedural and physical security measures. The Standard requires that any merchant or business that processes, stores, or transmits cardholder data must meet the PCI DSS requirements. If a merchant or business fails to comply with the PCI DSS, they may experience penalties such as fines, the restriction of credit card services, or the suspension of the merchant’s account. The PCI DSS is continually updated to ensure the most up-to-date security measures. It is important for merchants, businesses, and financial institutions to remain compliant with the PCI DSS in order to protect their customers’ cardholder data and ensure safe transactions.

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What is the Payment Card Industry Data Security Standard?

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