The Payment Card Industry Security Standards Council (PCI SSC) was formed by American Express, Discover Financial Services, JCB International, MasterCard and Visa Inc. on 7 September 2006,[1] with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard.
The Payment Card Industry Data Security Standard (PCI DSS) consists of twelve significant requirements including multiple sub-requirements, which contain numerous directives against which businesses may measure their own payment card security policies, procedures and guidelines.
[7] Members of the PCI Security Standards Council include an executive committee of six major payment brands: American Express, Discover Financial Services, JCB International, MasterCard, Visa Inc., and UnionPay.
[8] The executives and management of the PCI SSC are supported by 30 companies comprising the Board of Advisors,[8] and other stakeholder advisory groups such as assessor companies and regional boards.
[9] These participants are organized into Special Interest Groups,[11] which are tasked with recommending revisions to and the further development of the various security standards maintained by the PCI SSC.