The use of credit card data by Penn is necessary and facilitates critical services for the Penn community. However, credit card data, like Social Security numbers, may be subject to abuse and create risks of identity theft.
The use of credit card data is governed by the Payment Card Industry's Data Security Standard. The primary focus of the PCI Security Standards is to help merchants improve the safekeeping of cardholder information by tightening their overall security standards, which in turn reduces their chances of experiencing security breaches, fraud, and potential catastrophic financial losses.
It is critical that all use of credit cards by Penn comply with PCI Standards. If you are not currently participating and/or if you have questions, please contact the Treasurer's Office.