PCI (Payment Card Industry), compliance refers to efforts to adhere to a set of security standards for credit and debit card processing developed by Payment Card Industry Security Standards Council (PCI SSC) called Data Security Standard (DSS) for protecting customers credit card info.
There is a lot of buzz now because there is a deadline coming up on June 30th for the adoption of DSS 6.6 requirements. This requirement addresses threats to web applications.
While PCI compliance is not a Federal Law it is being required or about to be required by some states. Is PCI Compliance a Law? Should it be? Neverthless, Gartner analyst Avivah Litan projects that only half of level one merchants (those that have more than 6 million credit card transactions per year) will be compliant with 6.6 by June 30.
PCI compliance is an important matter to incorporate into your technology plan. More info can be found here: PCI Compliance Guide
My friend Wayne Schultz posted a nice video by Sage Software on the topic relative to the ERP software MAS 90, 200.
PCI Security and Credit Card Processing with MAS90 and MAS200 from Wayne Schulz on Vimeo.
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