PCI-DSS refers to the Payment Card Industry Data Security Standard, an information security standard for organizations that handle branded credit cards from the major credit card companies (such as Visa, MasterCard, American Express and Discover). This standard is mandated by the major credit card companies and administered through the PCI-DSS Security Standards Council.
The purpose of the standard was to increase security controls in organizations to reduce credit card fraud and limit cardholder data through such exposure. PCI-DSS is an industry standard set by the credit card industry. While it is not a legal requirement, failure to comply with the standard when fraud or breaches of card information occur may bring financial penalties to UT Dallas by the credit card industry.
For more information on PCI-DSS, visit the PCI Security Standards Council website.