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PRESS RELEASE

UnionPay Joins PCI SSC as Strategic Member

WAKEFIELD, Mass., 02, November 2020 – Protecting payments internationally requires a unified response to emerging threats. To increase the consistency of payment security standards around the world, UnionPay (UP) is now a strategic member of the PCI Security Standards Council (PCI SSC). UP will collaborate in the future development of the PCI SSC’s security standards and programs. This Strategic Member addition will help enhance PCI standards and better secure payments for consumers, financial institutions, and merchants across the globe.

“Our mission is to enhance global payment account data security by developing standards and supporting services that drive education, awareness, and effective implementation by the industry,” said Lance Johnson, Executive Director, PCI SSC. “UnionPay’s participation with the PCI SSC will help enhance payment standards and promote uniformity across the global card payment industry.”

“We are glad to be joining PCI SSC’s Strategic Membership,” said Xiaojun Tu, Executive Vice-President of UnionPay, “Through the collaboration, UnionPay will participate with the PCI SSC to engage industry stakeholders in developing and evolving PCI standards. Together we will work to elevate global payment security and secure the future of payments”.

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About the PCI Security Standards Council 
The PCI Security Standards Council (PCI SSC) leads a global, cross-industry effort to increase payment security by providing industry-driven, flexible and effective data security standards and programs that help businesses detect, mitigate and prevent cyberattacks and breaches. Connect with the PCI SSC on LinkedIn. Join the conversation on Twitter @PCISSC. Subscribe to the PCI Perspectives Blog.

About UnionPay
UnionPay (UP) is a bankcard association that has enabled card acceptance in 179 countries and regions with issuance in 61 countries and regions. UP has established and operates an inter-bank transaction and settlement system that promotes uniform, interoperable bankcard standards and regulations and supports a transaction infrastructure for services such as inter-bank information switching, settlement data processing, and risk control.

 

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