Payment card security standards are globally set. The governing body is called the Payment Card Industry (PCI) and the standards are called the Payment Card Industry Security Standards Council (PCI SSC). The PCI delineates various methods for security and data security standards so that expectations are globally consistent and available to customers no matter where the transactions occur. The PCI was launched in 2006 and was spearheaded by major credit card companies to address issues of credit card fraud around the world.