Payment Card Industry (PCI) Compliance
The Payment Card Industry (PCI) Security Standards Council, an organization composed of the major credit card companies, has developed data security standards to ensure that credit card transactions are reliable and secure. Organizations that choose to accept credit card transactions as a form of payment are contractually required to follow the standards set forth by the PCI Security Standards Council. Failure to comply can result in more stringent requirements for compliance, fines, and/or suspension of credit card processing services.
The standards created include:
- controls for handling and restricting credit card information
- computer and Internet security
- reporting of a breach of credit card information
The credit card industry requires compliance with these standards in order for a merchant to accept credit card payments. Many departments and merchants on campus process credit card transactions in the course of daily business. As such, it is the intent of The College of New Jersey through this process to protect the privacy of our customers and maintain compliance with Payment Card Industry Data Security Standards (PCI DSS).
Additional information and news regarding PCI Compliance will be published on this website as it is available.