PCI is a set of very detailed standards relating to all merchants or service providers that store, process or transact credit card data. In a brief nutshell this is the approach that VISA is taking to make the customers credit card safe. No more the card cannot be stored on the merchant's any computer including the servers and CVV2 should not be stored at all. It is a pleasure to let know our customers that Pen Boutique's credit card processing back-end software is fully secure and is one of the few authorized dealers who use this VISA PAPB certified platform. Your card number is not left around in the server or anywhere in our database making you a potential for the fraud victim. We are one of the few in the industry to have went this stretch to protect our customers from any identity theft.
PCI: Payment Card Industry Data Security Standard or PCI DDS. PCI is a result of the collaboration between Visa and MasterCard to create common industry security requirements. Other card companies have adopted these standards.
CISP: Cardholder Information Security Program (Visa)
PAPB: Payment Application Best Practices -
guidelines that a vendor must follow in the creation
and delivery of eCommerce applications.
More information of these from the respective authorities can be learnt from these bulletin.