Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
More than 275 organizations have joined the PCI Security Standards Council, an independent industry standards group providing management of a set of regulations created by the major card companies to ensure that retailers protect consumer data.
More than 275 organizations have joined the PCI Security Standards Council, an independent industry standards group providing management of the global Payment Card Industry Data Security Standard. The PCI standard is a set of regulations created by the major card companies to ensure that retailers protect consumer data.
Its aim is to create a consistent method for implementing the PCI standard. Participating organizations include merchants, payment device and service vendors, payment processors and financial institutions.
"The rapid growth of our participating organization roster demonstrates the importance of our mission to ensure that stakeholders have the opportunity to present their views and that appropriate security standards are in place to protect the interests of both consumers and those involved in the payment chain,” says Bob Russo, general manager of the PCI Security Standards Council.
Members have provided feedback for specific revisions to the data security standard version 1.1 and the soon-to-be released self-assessment questionnaire version 1.1.
The PCI Security Standards Council’s board has representatives from 21 companies:
- Bank of America
- British Airways PLC
- Chase Paymentech Solutions
- Citibank N.A.
- Global Consumer Group
- Commonwealth Bank of Australia
- European Payment Council
- Exxon Mobil Corp.
- First Data Corp.
- Interac Association
- JPMorgan Chase and Co.
- McDonald’s Corp.
- Moneris Solutions Corp.
- PayPal Inc.
- The Royal Bank of Scotland
- Servicios Electronicos Globales S.A. De C.V.
- Tesco Stores Ltd.
- TSYS Acquiring Solutions LLC
- VeriFone, Inc.
- Wal-Mart Stores, Inc.