Big five credit card companies form PCI security council

Big five credit card companies form PCI security council
Tags: Associations / Conferences, Bank / Credit Union, Debit / Credit, Other, Public Companies, Security
September 12, 2006

CNet News: American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International announced Sept. 7 the creation of an organization to develop and maintain security standards for credit and debit card payments. It's the first time the five brands have agreed on a single, common framework. The newly formed Payment Card International Security Standards Council will manage the PCI Data Security Standard for merchants, payment processors, point-of-sale vendors, financial institutions and more than a billion cardholders worldwide.