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Originally Posted by JWait
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Am I wrong about this?
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Partly, according to my interpretation.
As far as I can tell, you can store credit card number and expiration date, but the three or four digit code (CVV2/CVC) code cannot be stored. But, this data must be encrypted where it is stored.
You can be secure and NOT pass PCI-DSS or insecure and pass it.
See
https://www.pcisecuritystandards.org/pdfs/pciscc_ten_common_myths.pdf (Warning: PDF), Myth #9