NB: This is a guest post by Merchant Link providers of security and support for credit card transaction and payment systems.
Day Three: On the horizon… What’s next for PCI DSS?
Recently, VISA, one of the founding members of the PCI Council, made headlines by developing global industry best practices for tokenization.
This guidance was provided to merchants, vendors, and service providers in an effort to promote safe merchant environments.
Tokenization is the process through which a credit card’s primary account number is replaced by a proxy, with no mathematical relationship back to the original number.
By replacing the account number, merchants and processors limit the sensitive data that is stored on their systems thereby significantly reducing the risk that that sensitive data could be stolen by hackers.
Could this guidance be a preview to what is on the horizon for PCI DSS?
We hope so.
The PCI Council continues to work on developing guidelines that will help merchants eliminate sensitive card data from payment systems in order to simplify data security and compliance efforts.
NB: This is a guest post by Merchant Link, providers of security and support for credit card transaction and payment systems. Follow on Twitter.
- Day One: Compliant with PCI? Impact on the hotel industry
- Day Two: Easy things you can do that cost little or no money
- Day Three: On the horizon… What’s next for PCI DSS?
- Day Four: Protecting data at rest and data in motion – Tokenization and encryption
- Day Five – Reducing the scope of PCI Compliance
Related posts:
- Day One of Five: Rough guide to credit card and PCI issues in travel
- Day Two of Five: Rough guide to credit card and PCI issues in travel
- Wyndham credit-card breach occurred during security upgrade
- Business travel group to focus on airline data submission to credit card companies
- Moneydirect offers payment solution for travel providers
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