Payment Card Industry Data Security Standard (PCI DSS)
Major credit card companies such as Mastercard, VISA, JCB International, Discover Financial Service and American Express formed a set of security standards for merchants accepting credit cards. This was done to deal with the increasing security breaches related to credit cards. The PCI Security Standards Council (PCI SSC) manages the ongoing development and maintenance of these standards (PCI DSS).
PCI DSS applies to any entity that accepts credit cards and store, process or transmit cardholder data (CHD). Though a formal validation is not mandatory for all entities, VISA and Mastercard requires merchants and service providers to be validated according to PCI DSS. There are certain conditions in which a formal validation would be mandatory. ProcessLOGIX Compliance Consultants are highly placed to assist your organization to determine the applicability of the PCI DSS.