New Standards For Credit Card Processing and Collection

Information released by the PCI Security Council detail the use of a new version of the standards used to process credit cards.

The standards will be known as the Payment Application Data Security Standard or the PA-DSS.

The highlight of the PA-DSS is that is sets out the information needed to merchants to properly process credit cards.

The security standards for managing data collected in regards to credit cards, comes during a time when numerous people are having their information accessed by hackers.

This information is usually released in a form of a data breach, similar to what happened by TJX Companies in 2007.