Coffee with the Council Podcast: Nominate Your Company for the Council’s Next Board of Advisors

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Coffee with the Council By PCI Security Standards Council 7 min 2 speakers 7 chapters transcribed 1 month ago
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What is the main topic discussed in this episode?

Alicia Malone 0:11
Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council.

What is the 2025–2027 PCI SSC Board of Advisors election about?

Alicia Malone 0:21
It is time once again to elect the Council's next Board of Advisors for the 2025 to 2027 term. Every two years, the Council invites its principal and associate participating organizations, as well as affiliate members to to nominate and elect those companies who will serve as strategic leaders for the organization. Joining me today to talk all about what's new in this year's election process is PCI SSC's head of engagement, Diana Greenhaugh. Welcome, Diana.
Diana Greenhaw 0:56
Thank you, Alicia. I'm excited to join you today and to talk about the upcoming election.
Alicia Malone 1:02
Yes. So let's dive right in. What's new this year for the Board of Advisors?
Diana Greenhaw 1:09
So the biggest change for this term is that the Board of Advisors is expanding from 52 seats to 64 seats. In recognition of the ever-changing needs of the payments industry, the Board of Advisors expansion provides a greater range of input for the Council. It will be comprised of 26 principal participating organization seats.

How has the Board of Advisors structure changed for the 2025–2027 term?

Diana Greenhaw 1:31
These are the organizations who've joined PCI-SSE at the highest level of membership. It will also include 26 elected seats. These are the seats that are elected by our full membership from all organizations submitting nominations. And then 12 appointed seats. These are seats appointed by our executive committee, and this ensures that we have sector and global representation. It ensures a balance of perspectives around the REIT. We've also revised the membership categories to reflect a board that is more representative of today's industry makeup. The new term for the Board of Advisors will be made up of participants from the following new membership categories. Merchants, there'll be eight seats across this category, and these are organizations that accept payments from PCI participating brands,
Diana Greenhaw 2:23
for the sale of goods and services through any acceptance channel. Then we have the next category, financial institution. There'll be eight seats across this category. Financial institutions are those licensed institutions in the business of providing financial services.

What are the new membership categories and seat allocations?

Diana Greenhaw 2:40
including but not limited to payment account acquiring, issuing, deposits, loans, etc. Then we have our hardware and or software solution providers and vendors. There's eight of these seats. These are vendors that develop or provide point-of-sale hardware or software solutions to industry participants. Then we have our service provider categories. We have eight seats here. These are organizations involved in the processing, storage, or transmission of payment data from PCI participating brands on behalf of another entity. And then another one of our new categories is the multi-category.

How does the nomination and election timeline work and who can nominate?

Diana Greenhaw 3:21
We have 12 seats across this category. These are organizations that fall into two or more categories of those that I've walked through here today. And then finally, our other category. There'll be eight seats here. And these are organizations that are involved in payments from PCI participating brands, but don't fit into one of the other defined categories.
Alicia Malone 3:44
Yes, I think some feedback we've received in the past is which category should you select if your company doesn't fit easily into just one of these categories? And I think that new multi-category slot is going to be really helpful this year. So Diana, walk us through how the process works.

What are the responsibilities and benefits of serving on the Board of Advisors?

Alicia Malone 4:02
Sure.
Diana Greenhaw 4:03
So on February 3rd, running through February 28th, that will be our nomination period. This is when the primary contacts at PPO, APO, or affiliate member companies can self-nominate their organization and select their membership category via the council's member portal on our website. One primary and one alternate representative may be nominated per our principal or associate participating organizations or our affiliate members. Then, after that nomination period ends, from March 17th through March 28th, the election period takes place. The primary contact at each eligible membership organization may submit one vote for each of the categories on their ballot.

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