Cross-industry group to represent more than 600 global organisations in increasing payment data security
Cross-industry group to represent more than 600 global organisations in increasing payment data security
The PCI Security Standards Council (PCI SSC) late last week announced the results of elections for the PCI SSC Board of Advisors.
The new advisory board of the global industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS) has been appointed to act as a cross-industry group chartered by the Council to ensure global stakeholder representation in the ongoing development of all the PCI Security Standards.
Strategic and technical insight
Elected by the Council's more than 600 Participating Organisations, which including merchants, financial institutions and processors from around the world, this new PCI Board of Advisors will sit from 2011 to 2013 and provide strategic and technical guidance to the PCI Security Standards Council that reflects the varied industry perspectives of those across the payment chain.
In addition to advising on standards development, the Board of Advisors plays a critical role in soliciting feedback and ideas, leading Special Interest Groups (SIGs); and helping the Council fulfil its mission to raise awareness and adoption of PCI Standards.
More than 76 organisations from across the payment industry were nominated for their direct experience and leadership in the field. The 21 seats were distributed within the categories of: financial institutions; merchants; processors; vendors, and others (industry associations, etc.), with 14 organisations elected by their peers in the PCI SSC Participating Organisations member base and seven seats appointed by the PCI SSC Executive Council to ensure broad and equal representation.
Wide industry representation
The new Board of Advisors is comprised of representatives from the following organisations: Barclaycard, British Airways, Cartes Bancaires, Cielo, Cisco, Citi, Disney, European Payments Council, First Data Corporation, Heartland Payment Systems, Ingenico, International Air Transport Association, JPMorgan Chase & Co, McDonald's, PayPal, RSA, Tesco Stores, TSYS, VeriFone Systems, Wal-Mart Stores and Woolworth's.
"Industry participation is crucial to our work here at the Council. I am ecstatic to see the record number of people who were involved in this year's election process and the breadth of experiences and perspectives that this new Board represents," said Bob Russo, PCI Security Standards Council general manager. "As we continue to strengthen the standards and their adoption globally, this group will play a leading role in the protection of cardholder data against security threats worldwide.
The new Board will kick off its work in June with its first face-to-face meeting with Council management. As the Council prepares for the annual community meetings, it said the board would be instrumental in this forum, in engaging stakeholders to discuss and providing input on their implementation of the newest versions of the PCI Security Standards.
Additionally, the board will play a leadership role in driving the first formal feedback period in the current lifecycle beginning in November, working with Participating Organisations to solicit their feedback for the ongoing enhancement of the standards.
Providing regional support
"I am thrilled about the increase in European representation on the Board this term. It is a testimony to the excellent work and collaboration that is taking place in Europe to drive payment security forward" said Jeremy King, PCI Security Standards Council European regional director. "With their input, I'm confident that we can continue to make great strides in engaging European stakeholders in this important global initiative."
King also recently provided exclusive comment to March/April issue of Retail Technology magazine on how EMV is helping to reduce UK fraud. But, he contends, PCI DSS will take it down further with a renewed focus on security. You can access the March/April issue by registering to receive free it in its electronic online format here.
