NEW YORK CITY – In a continued effort to protect member data and mitigate risk, Municipal Credit Union (MCU) announced it has received certification of full Payment Card Industry (PCI) Data Security Standard (DSS) compliance for its account management, issuing, and ATM systems.
With this certification and the implementation of PCI DSS v3.1’s mandated cardholder protection standards, MCU becomes the first credit union in New York State with assets of more than one billion dollars to achieve full PCI compliance for its systems as mandated by the PCI DSS council.
“Protecting our members is a top priority for MCU, and becoming PCI-compliant is one way in which we will carry out this ongoing commitment,” said MCU President/CEO Kam Wong. “We strongly encourage retailers and merchants to ‘follow the lead’ of financial institutions, such as ours, and adhere to the same data security standards we currently follow. Collectively, these steps will go a long way in ensuring that member data remains safe and secure.”
The certification of full compliance was issued in December 2015 by Fortrex Technologies, Inc., a PCI Security Standards Council (SSC) approved Qualified Security Assessment (QSA) Firm. MCU began the process of becoming PCI compliant in 2013, and has successfully implemented PCI DSS v3.1’s mandated cardholder protection standards. MCU will conduct annual assessments to ensure that it continually meets PCI requirements going forward.