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.