Stolen account data is a major concern for all participants in the payment industry. As a result of these thefts, merchants and financial institutions may suffer fraud losses and unanticipated operational expenses, and consumers are inconvenienced significantly.
To help protect your business, your customers, and the integrity of the payment system, MasterCard® has in place a set of requirements governing the safekeeping of account information. These requirements affect the storage of cardholder information, reporting a security incident, and more. To learn more about MasterCard Security Rules and Procedures — click here.