Question

Before the PCI Council was formed, all major credit card companies shared the same security requirements that applied to the credit cards that they issued. True False

Answer 1

Answer:

The correct answer is "False".

Explanation:

The Payment Card Industry (PCI) Security Standards Council aims to improve the industry's tools for addressing threats by improving security standards.

The PCI Security Standards Council was developed by a committee of major card companies (debit and credit) that shared the same security requirements before its existence.

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