BANKING GENERAL KNOWLEDGE
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Question
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Payment Call Industry & Data Security Standard
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Payment Card Industry & Data Security System
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Payment Card Info & Data Security Standard
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Payment Card Industry & Data Security Standard
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Detailed explanation-1: -PCI DSS. Acronym for “Payment Card Industry Data Security Standard.”
Detailed explanation-2: -Visa, Mastercard, American Express, Discover, and JCB formed the Payment Card Industry Security Standards Council (PCI SSC) in 2006 to administer and manage security standards for companies that handle credit card data.
Detailed explanation-3: -What Is PCI Compliance? Payment card industry (PCI) compliance is mandated by credit card companies to help ensure the security of credit card transactions in the payments industry.
Detailed explanation-4: -Compliance with PCI DSS is a continuous process that involves three steps: Assess. Identify and inventory assets and processes that handle cardholder data, and analyze them for vulnerabilities that could lead to exposure. Repair.