DALLAS -- TNB Card Services, the card processing arm of credit union owned Town North Bank, has joined the Payment Card Industry Security Standards Council.
TNB will work with the council and its members to further develop the PCI data security standard to improve security of card processing for the credit unions it serves.
The PCI DSS is a multifaceted security standard founded by the leading card brands, including Visa Inc., MasterCard Worldwide, American Express, JCB and Discover Financial Services. The council has developed requirements for security management, policies, procedures, network architecture, software design and other critical protective measures to ensure data integrity for merchants and service providers that store, process or transmit customer payment card data.
"TNB has always taken a proactive stance on card security and payment fraud on behalf of the credit union industry and has aggressively promoted the need to protect members' data," said Scott Wagner, executive vice president of TNB Card Services. "Our involvement with the council will enable us to further align with industry standards and leverage our knowledge of credit unions and the payments industry to enhance security best practices."
As a participating organization, TNB will now have access to the latest payment card security standards from the Council and be able to provide feedback on the standards. In an era of increasingly sophisticated attacks on electronic systems, adhering to the PCI DSS represents an entity's best protection against Internet criminals and data thieves.
"The PCI Security Standards Council is committed to helping everyone involved in the payment chain protect consumer payment data," said Bob Russo, general manager of the council. "By participating in the standards setting process, TNB demonstrates they are playing an active part in this important end goal."