TERM:
Payment Application Data Security Standard (PA DSS)

Definition:

PA DSS is a system designed by the Payment Card Industry Security Standards Council and adopted worldwide. It was implemented in an effort to provide the definitive data standard for software vendors that develop payment applications. The standard aims to prevent developed payment applications for third parties from storing prohibited secure data including magnetic stripe, CVV2, or PIN. In that process, the standard also dictates that software vendors develop payment applications that are compliant with the Payment Card Industry Data Security Standards (PCI DSS).