What is the Payment Card Industry (PCI) Data Security Standard?

The Payment Card Industry (PCI) Data Security Standard provides a unified set of rules and regulations for organizations that process, store, and/or transmit cardholder data. PCI Data Security Standard is mandated by the major card brands, such as Visa and MasterCard, and requires that organizations must protect cardholder information, maintain a secure environment, and regularly test networks to ensure they are secure. The PCI Data Security Standard is designed to ensure that cardholder data is kept secure. It requires organizations to maintain accurate records of all cardholder data, have secure wireless networks, and use encryption to protect data from being read. Organizations must also use strong passwords, store cardholder data securely, and follow secure authentication practices when accessing cardholder data. Organizations in Arkansas must comply with the PCI Data Security Standard in order to process, store, or transmit cardholder data. This includes merchants, service providers, and third-party vendors that process, store, or transmit payment card data. Non-compliance with the PCI Data Security Standard can result in fines and other penalties. Organizations are also required to submit annual compliance reports and post signs showing that they comply with the PCI Data Security Standard.

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What is the Payment Card Industry (PCI) Data Security Standard?

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