PwC to Research Tech Approaches for PCI (SSC)

by CXOtoday Staff    Jun 25, 2009


PCI Security Standards Council (SSC) has selected PricewaterhouseCoopers for emerging technology review and recommendations project. The project will leverage PwC s experience in the enhancement and security of payment processing technologies. 

PwC will perform industry research to support the PCI SSC in determining which technology approaches may be available to help merchants, service providers and processors more effectively secure cardholder data in accordance with the various Standards released by the Council.

It will also research, identify and evaluate technologies that can help reduce or eliminate the storage, processing, or transmission of cardholder data. This evaluation and recommendation will help the PCI SSC to consider technologies that should improve adoption rates and reduce costs for the implementation of the Standards. PwC will also provide an assessment of the impact of the new technology approaches on the current PCI Data Security Standards (DSS), and considerations for implementing new technologies.

As the card payment landscape continues to evolve, information protection, risk mitigation, security and controls remain the ultimate concerns for both businesses and customers, said Mark Lobel, principal, PricewaterhouseCoopers focused on security
and privacy issues.

We selected PricewaterhouseCoopers because of their ability to understand the card payment environment, identify and understand the technologies that will fit stakeholders across the payment chain needs and help enable the Council s standards, said Bob Russo, general manager with the PCI SSC.

Terms of the contract were not disclosed.

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