Crypto solutions provider Cryptomathic has joined the PCI Security Standards Council as a new participating organisation to enhance payment data security worldwide.
As the newest member of the Council, Cryptomathic will work for the development of the PCI Security Standards that include the Payment Card Industry Data Security Standard, PIN Transaction Security requirements as well as the Payment Application Data Security Standard.
Cryptomathic said that it will add its voice to the standards-setting process, and will receive previews of drafts of standards and supporting materials to offer feedback to shape their final versions.
In addition, the company will also suggest new initiatives for consideration to the Council.
The PCI Security Standards require merchants and service providers storing, processing or transmitting customer payment card data to comply with information security controls and processes that ensure data protection as part of a business-as-usual security posture.
The standards are endorsed by all leading card issuers including American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa.
Cryptomathic director product management Guillaume Forget said: "Securing financial data is central to our solution portfolio and we are most pleased to now take an active role in the PCI Council and help set new industry standards. We have built our skills and knowledge in key management, crypto and EMV over many decades and have vast experience of helping financial organisations in their PCI implementation.
"Now, through greater participation in the Council, we look forward to contributing our expertise in designing secure software solutions more widely, to render PCI a business enabler, rather than a simple compliance exercise."