Security standards for payment transactions
The Payment Security Report 2023 coincides with the upcoming launch date of the Payment Card Industry Data Security Standard (PCI DSS) Version 4.0 for payments. This update to the current PCI DSS standard is the largest change since 2004. The changes to payments will impact all organizations that store, process or transmit cardholder data, from e-commerce to the public sector. Compliance with PCI DSS v4.0 is strongly recommended until March 31, 2024, when v3.2.1 will be phased out. The standard contains numerous updates and 64 new…