Straight Talk on Data Tokenization for PCI & Cloud. Observatoire de la Sécurité des Cartes de Paiement. PCI DSS Compliance Blog: Encryption. No matter how familiar you are with the payment card industry, you have undoubtedly heard a variety of terms and acronyms thrown around.
And though the terms are used frequently, this doesn’t mean that everyone knows exactly what the words or letters mean. While learning all of these terms won’t necessarily make you a payment card industry expert, they can help you familiarize yourself, so you can better understand what is being discussed and how it may impact you and your business. Here are 11 payment card industry terms that everyone should know: 1. Acquirer: An acquirer is an organization licensed as a member of Visa/MasterCard as an affiliated bank or bank/processor alliance that is in the business of processing credit card transactions for businesses (acceptors) and is always acquiring new merchants. PCI Security Standards Documents: PCI DSS, PA-DSS, PED Standards, Compliance Guidelines and More.