Payment Card Industry definition

Payment Card Industry or “PCI” means security standards developed by the payment card industry (Visa, Mastercard, Amex, etc) on handling consumer information.
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Payment Card Industry. PCI”)Requirements” means the security standard for all entities involved in the payment card processing functions and the security-related functions involved in protecting cardholder data for the major debit, credit, prepaid, e-purse, ATM, and POS cards as defined by the Payment Card Industry Security Standards Council. Current versions of the standards may be obtained from https://www.pcisecuritystandards.org/.
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Payment Card Industry. PIN Entry Device PCI PED” - a standard from the PCI Security Standards Council designed to secure PIN-based transactions globally and apply to devices that accept PIN entry for all PIN-based transactions.
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Examples of Payment Card Industry in a sentence

  • NCR Voyix participates in the Payment Card Industry (“PCI”) Software Security Framework (the “PCI SSF”) program, which may be updated from time to time.


More Definitions of Payment Card Industry

Payment Card Industry means a council originally formed by American Express, Discover Financial Services, JCB, MasterCard Worldwide, and Visa International on September 6, 2006, with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard.
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Related to Payment Card Industry

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • Debit Card means a card issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Aftercare means care, treatment and services provided a patient, as defined herein, on convalescent status or conditional release.

  • Card Account means the account maintained with the Bank in respect of the card;