How Many Pci Standards Exist And Are They All The Same?
What To Know
- These standards were developed and approved by the PCI Security Standards Council, an organization founded by the major payment card brands (Visa, MasterCard, American Express, Discover and JCB).
- There are many PCI standards, including PCI DSS, PCI PIN Entry Devices (PED), PCI PTS (PIN Transaction Security), PCI P2PE (Point-to-Point Encryption), PCI Contactless Payments, and PCI 3DS (3D Secure).
- The compliance audit is conducted by a qualified security assessor (QSA), who will review the business’s security policies and procedures to ensure they are consistent with the PCI Standards.
There are 12 PCI standards, each designed to help you protect your customers’ sensitive payment card data. These standards were developed and approved by the PCI Security Standards Council, an organization founded by the major payment card brands (Visa, MasterCard, American Express, Discover and JCB).
How Many Pci Standards Exist?
The PCI Security Standards Council (PCI SSC) plays a role in developing, enhancing, and maintaining security standards for payment data. The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements intended to help organizations protect payment card information. PCI DSS compliance is mandatory for all merchants and service providers that store, process, or transmit cardholder data.
There are many PCI standards, including PCI DSS, PCI PIN Entry Devices (PED), PCI PTS (PIN Transaction Security), PCI P2PE (Point-to-Point Encryption), PCI Contactless Payments, and PCI 3DS (3D Secure). Each standard addresses a specific aspect of payment security.
PCI DSS is the most comprehensive standard. It covers data security requirements for merchants and service providers that process, store, or transmit payment card data. The standard consists of twelve requirements, including maintaining secure networks and systems, protecting cardholder data, implementing strong access control measures, regularly monitoring and analyzing networks, and maintaining an information security policy.
PCI PIN Entry Devices (PED) standard applies to devices that capture or display personal identification numbers (PINs) for credit and debit cards. PCI PTS standard applies to payment terminal devices, such as payment terminals, ATMs, and self-service kiosks. PCI Contactless Payments standard applies to contactless payment devices, such as contactless cards and mobile wallets. PCI 3DS standard applies to secure payment authentication for online transactions.
PCI P2PE standard applies to Point-to-Point Encryption (P2PE) devices, which encrypt cardholder data at the point of sale. PCI P2PE devices prevent unauthorized access to cardholder data during transmission.
Compliance with PCI standards helps protect against data breaches, fraud, and other security risks. Merchants and service providers that store, process, or transmit payment card data must ensure compliance with PCI DSS.
What Are The Pci Standards?
- * Payment Application Data Security Standard (PA-DSS)
- * PIN Entry Device (PED) Security Requirements
- * Point-to-Point Encryption (P2PE) Standard
- * Secure Software Lifecycle (SSL) Standard
When Were Pci Standards Created?
The first PCI Standards were created by the PCI Security Standards Council (PCI SSC), which was first established in 2006. The PCI SSC was founded by the five major payment card brands: Visa, Mastercard, American Express, Discover, and JCB. The first PCI Standards were published in September 2006, and they became effective on 1 June 2007.
The PCI Standards are a set of security requirements for businesses that process, store, or transmit payment card data. These standards are designed to protect cardholder data and reduce the risk that it will be compromised. The PCI Standards apply to all businesses that accept payment cards, including merchants, service providers, and financial institutions.
The PCI Standards are updated on a regular basis to incorporate new technologies and address new threats. The current version of the PCI Standards is the PCI DSS 4.0, which was released in March 2022. PCI DSS stands for Payment Card Industry Data Security Standard.
To comply with the PCI Standards, businesses must complete a self-assessment questionnaire (SAQ) and undergo a compliance audit. The SAQ is designed to help businesses identify their compliance obligations and implement the PCI Standards. The compliance audit is conducted by a qualified security assessor (QSA), who will review the business’s security policies and procedures to ensure they are consistent with the PCI Standards.
The PCI Standards are constantly evolving to keep up with the latest security threats. By complying with the PCI Standards, businesses can help protect their customers’ payment card data and reduce the risk that it will be compromised.
Who Creates And Maintains The Pci Standards?
The PCI Security Standards Council (PCI SSC) is responsible for managing and developing the PCI Data Security Standard (PCI DSS). PCI DSS is a set of security requirements for organizations that handle cardholder data. The Council is made up of representatives from major credit card companies, including Visa, MasterCard, American Express, and Discover. The PCI SSC develops and maintains the PCI DSS with the help of a team of industry experts and security experts. The Council also conducts regular assessments and audits to ensure that organizations comply with the standard.
What Is The Purpose Of The Pci Standards?
The PCI (Payment Card Industry) standards are a set of requirements that govern the protection of cardholder data. The purpose of the PCI standards is to ensure that organizations that process, store, or transmit credit card information maintain a secure environment. The standards are designed to minimize the risk of data breaches and theft of credit card information.
The PCI standards apply to all organizations that accept, process, or store credit card information. This includes merchants, banks, and payment processors. The standards are designed to ensure that organizations implement and maintain a secure network environment, train employees on proper security procedures, and regularly monitor and test their systems for vulnerabilities.
The PCI standards are updated on a regular basis to address new threats and vulnerabilities. Organizations are required to regularly update their systems and procedures to comply with the new standards. Failure to comply with the PCI standards can result in fines, penalties, and the loss of the ability to process credit card payments.
Overall, the purpose of the PCI standards is to protect consumers from fraud and identity theft. By adhering to the standards, organizations can help to reduce the risk of data breaches and ensure that customers’ credit card information remains safe and secure.
Who Must Comply With The Pci Standards?
The PCI Security Standards Council is the global organization that maintains, evolves, and promotes the Payment Card Industry Data Security Standard (PCI DSS). PCI DSS is a proprietary information security standard for organizations that handle branded credit cards from the major card schemes.
PCI DSS applies to all entities involved in payment card processing. This includes merchants, processors, acquirers, issuers, and service providers. Additionally, any organization that stores, processes, or transmits cardholder data must comply with PCI DSS.
Merchants are organizations that directly accept payment cards as payment for goods or services. Merchants are responsible for ensuring that their systems comply with PCI DSS.
Processors are organizations that process payment card transactions on behalf of merchants. Processors are responsible for ensuring that their systems, and those of their merchants, comply with PCI DSS.
Acquirers are financial institutions that accept payment card transactions on behalf of the merchants. Acquirers are responsible for ensuring that their systems, and those of their merchants, comply with PCI DSS.
Issuers, also known as banks or credit card companies, are organizations that issue payment cards to consumers. Issuers are responsible for ensuring that their systems, and those of their merchants, comply with PCI DSS.
Wrap-Up
In conclusion, there are a total of 4 PCI standards that businesses must comply with to ensure secure credit card transactions. The first standard, PCI DSS, is the baseline for all merchants and service providers that process, store, or transmit cardholder data. The second standard, PA-DSS, is specific to payment applications and software vendors. The third standard, PCI PIN, applies to entities that handle PIN data, such as ATMs and POS devices. And the fourth standard, PCI P2PE, is specific to entities that process transactions through a Point-to-Point Encryption device. Understanding and complying with these standards is essential for any business that accepts credit cards, as non-compliance can result in financial penalties and damage to reputation.
