Welcome!

Cloud Security Authors: Elizabeth White, Pat Romanski, Maria C. Horton, Liz McMillan, Ravi Rajamiyer

Related Topics: Cloud Security

News Feed Item

PCI Security Standards Council Adds PIN Entry Device (PED) Security Requirements

The Council Will Manage Security Standard and Streamline Testing Process

WAKEFIELD, Mass., Sept. 11 /PRNewswire-FirstCall/ -- The PCI Security Standards Council, an independent industry standards body providing management of the Payment Card Industry Data Security Standard on a global basis, today announced it has assumed responsibility for the PIN Entry Device (PED) Security Requirements that were previously administered under the auspices of JCB, MasterCard International and Visa International.

The PED Security Requirements are designed to secure personal identification number (PIN)-based transactions globally and apply to devices that accept PIN entry for all PIN based transactions.

"Adding the PED Security Requirements reinforces and expands our commitment to securing the payment process globally," said Bob Russo, general manager, PCI Security Standards Council. "The addition of the PED Security Requirements under the PCI Security Standards Council will remove conflicting requirements, simplify the testing process and maintain consistent security measures to improve the overall security of payment transactions."

With the PED Security Requirements administered by the Council, all founding payment brands will recognize PED certification; streamlining the testing process, reducing costs for vendors, and leading to the proliferation of a wider selection of PED products. PED manufacturers submitting devices for security testing will be able to rely on a single set of requirements, helping ensure cardholder security and providing opportunities for faster deployment. Under the Council's stewardship, each payment brand will bring its own PED expertise and this, when combined with market feedback from POS and terminal vendors will help strengthen the evolving security of these devices.

Implementation of the PED Security Requirements under the PCI Security Standards Council will happen over the next few months. During this time, all devices previously approved and designated as compliant to the existing PCI PED requirements will automatically be grandfathered into the new program. The Council will be honoring existing compliance agreements, with these devices listed on the PCI Security Standards Council approval list until their current existing approvals expire.

The PCI Security Standards Council will also continue to recognize laboratories previously accepted by JCB, MasterCard International and Visa International for PED security testing.

"The addition of the PED Security Requirements brings a new group of stakeholders into the Council," said Russo. "Point of sale and terminal vendors will join solution providers, payment application vendors and others to contribute to the diversity of the Council. In the future, we will continue to explore assuming additional standards to aid us in our goal to enhance global payment data security."

About the PED Security Requirements PED Security Requirements are divided into the following categories: Device Characteristics: -- Physical Security Characteristics -- Logical Security Characteristics Device Management: -- Device Management During Manufacturing -- Device Management Between Manufacturing and Initial Key Loading

Device characteristics are those attributes of the PED that define its physical and its logical characteristics. The physical security characteristics of the device are those attributes that deter a physical attack on the device. Logical security characteristics include those functional capabilities that preclude, for example, allowing the device to output a cleartext PIN encryption key.

Device management relates to how the PED is produced, controlled, transported, stored and used throughout its life cycle. If the device is not properly managed, unauthorized modifications might be made to its physical or logical security characteristics.

For More Information:

If you would like more information about the PCI Security Standards Council or would like to become a Participating Organization so that you may attend the upcoming PCI SSC community meeting, please visit pcisecuritystandards.org, or contact the PCI Security Standards Council at [email protected].

About the PCI Security Standards Council

The mission of the PCI Security Standards Council is to enhance payment account security by fostering broad adoption of the PCI Data Security Standard and other standards that increase payment data security.

The PCI Security Standards Council was formed by the major payment card brands American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International to provide a transparent forum in which all stakeholders can provide input into the ongoing development, enhancement and dissemination of the Data Security Standard. Merchants, banks, processors and point of sale vendors are encouraged to join as Participating Organizations.

A 21 member Board of Advisors represents the current roster of more than 275 PCI SSC Participating Organizations and provides critical feedback to the ongoing enhancement of security standards managed by the Council. Board members include: APACS, Bank of America, British Airways PLC, Chase Paymentech Solutions, Citibank N.A., Global Consumer Group, Commonwealth Bank of Australia, European Payment Council (EPC) AISBL, Exxon Mobil Corporation, First Data Corporation, Interac Association, JPMorgan Chase and Co, McDonalds Corporation, Microsoft, Moneris Solutions Corporation, PayPal Inc., The Royal Bank of Scotland, Servicios Electronicos Globales S.A. De C.V., Tesco Stores Ltd., TSYS Acquiring Solutions, LLC, VeriFone, Inc. and Wal-Mart Stores, Inc.

Contact: Text 100 for PCI Security Standards Council US +1 2123318410 (Eastern U.S.) US +1 2062672004 (Western U.S.) [email protected]

The PCI Security Standards Council

CONTACT: Text 100 for PCI Security Standards Council, Eastern U.S.,
+1-212-331-8410, Western U.S., +1-206-267-2004, [email protected]

Web site: http://www.pcisecuritystandards.org/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...