The Payment Card Industry Security Standards Council was originally formed by American Express, Discover Financial Services, JCB International, MasterCard and Visa Inc. on 7 September 2006, with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard. The council itself claims to be independent of the various card vendors that make up the council.
The PCI Council formed a body of security standards known as the Payment Card Industry Data Security Standard (PCI DSS), and these standards consist 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.
They also manage the Payment Application Data Security Standard (PA-DSS), formerly referred to as the Payment Application Best Practices (PABP). More recently, they have collaborated with EMVCo, to provide the security requirements, testing procedures and assessor training to support the EMV 3-D Secure v2.0 standard.
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