The five major card brands American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc. International, combined their security requirements and brought the standards in existence on 2004. PCI DSS was built in order to adopt steady security measures worldwide.
PCI DSS requires every single merchant processing, transmitting, or storing payment card data to be PCI DSS Compliant. The requirements are necessary due to the great security they provide to company’s and customer’s information.