PCI Security Standard Council Gains Payment Data Security Partner

Cryptomathic, a crypto solutions provider, has joined the PCI Security Standards Council to help improve upon existing payment data security infrastructure.

With the addition to the council, Cryptomathic will have a voice in the development of PCI security standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS), the Denmark-based company said in a statement.

PCI security standards, which are endorsed by leading credit card companies, including American Express, Discover, JCB, MasterCard and Visa, enforce full-time compliance of set security parameters by merchants and service providers engaging in the processing and the transmission of customer payment data.

The inclusion of Cryptomathic in the council comes as the PCI compliance governing body expands its understanding of emerging technologies and inculcates them in its security standards so as to stay relevant. Time and again, the council is dependent on the involvement of companies across the payment processing chain, ranging from merchants and service providers to POS manufacturers and payment processors.

“Securing financial data is central to our solution portfolio, and we are most pleased to now take an active role in the PCI Council and help set new industry standards. We have built our skills and knowledge in key management, crypto and EMV over many decades and have vast experience of helping financial organizations in their PCI implementation,” said Guillaume Forget, director of product management at Cryptomathic.

“Now, through greater participation in the council, we look forward to contributing our expertise in designing secure software solutions more widely, to render PCI a business enabler, rather than a simple compliance exercise,” he added.