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

The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements adopted by credit card companies to protect their customers from fraud and identity theft. PCI DSS is a worldwide standard developed by the Payment Card Industry Security Standards Council, and it applies to any business that accepts, stores, or transmits credit card data. The PCI DSS helps to protect customer data by setting multiple rules and regulations that must be met. These rules and regulations include (but are not limited to): encrypting credit card data, protecting stored credit card information, and monitoring access to systems that store, process, or transmit cardholder data. PCI DSS also requires businesses to regularly monitor their compliance, maintain a secure environment, and complete a self-assessment questionnaire. In the state of Washington, PCI DSS compliance is mandatory for any business that processes credit card transactions, as is set out in the Washington State Administrative Code. Businesses that process credit card payments must also comply with the PCI DSS and other federal and state laws, including rules for preventing and responding to data breaches. In summary, the Payment Card Industry Data Security Standard is an important set of regulations that must be met by any business that processes credit card transactions in the state of Washington. These rules and regulations are designed to protect customer data and prevent data breaches. Complying with the PCI DSS will help businesses to protect their customers and their sensitive data.

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

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