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The Impact of New Payment Card Industry Standards on Business

FINANCIAL PRIVACY—U.S.

December 13, 2013

Version 3.0 of the Payment Card Industry Data Security Standard (PCI-DSS) has been released by the PCI Security Standards Council. The security requirements are intended to strengthen the security of cardholder data and encourage the adoption of uniform data security standards within the payment card industry. PCI-DSS applies to all entities that are involved in payment card processing. This includes merchants, processors, acquirers, issuers and service providers as well as entities that store, process and transmit cardholder data. In this exclusive for The Privacy Advisor, Rebecca Shwayri examines the new requirements, compares them to the last version and predicts areas where they may be updated in the future.
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