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Revised: 09/12/2016NICHOLS COLLEGE PCI Compliance Policy Name: PCI DSS stands for Payment Card Industry Data Security Standard, and is a worldwide security standard assembled by the Payment Card Industry
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PCI DSS (Payment Card Industry Data Security Standard) is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment.
Any organization that accepts credit or debit card payments must comply with PCI DSS standards and file the necessary documentation.
To fill out the PCI DSS documentation, companies must conduct a self-assessment questionnaire, perform vulnerability scans, and submit required reports to their acquiring bank.
The purpose of PCI DSS documentation is to protect cardholder data and ensure a secure payment card environment for both businesses and customers.
The documentation must include details on network security, physical security, access controls, and encryption methods used to protect cardholder data.
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