The idea behind the PCI program is to “Render the credit card data unreadableâ€, they way you could accomplish is: encrypting, hashing, truncation.
PCI DSS - Is the standard itself
AIS - Is the enforcement program
Data that can never be stored, unless you are a credit card issuer:
Mag-stripe data
CVV2
PIN/PIN Block
As per the requirements, you must notify your acquirer of a possible breach within 24 hours
PCI DSS has about 230 requirements
PCI DSS is based on fundamental data security practices:
Data controls
Network controls
System level controls
Application controls (Code reviews, app testing)
Policies
Physical Controls
VISA is moving PABP from “best Practices†into a formal security starndard managed by the PCI SSC as the Payment Application Data Security Standard (PA-DSS)
PCI Security Standards Council, launched in September 2006, is a global forum for the ongoing development and enhancement of security standards for account data protections, including the PCI DSS