Card transactions have become a huge phenomenon in customers’ payment behavior. One of the most common protections for card payment is PCI DSS Compliance. Payment players must fulfill the compliance requirements as a key to protect card data privacy during online transactions.
Data breaches can lead to a variety of cybercrime schemes including carding. As a capable business owner, it is your responsibility to ensure that the payment service you have chosen for your customers is safe and reliable. Get more information about PCI DSS Compliance including its benefits in the article below.
What Is PCI DSS Compliance?
It is a very basic question when we try to understand a topic, right? So, let’s start the article by understanding the definition. PCI DSS or Payment Card Industry Data Security Standard is a proprietary information security standard managed by the PCI Security Standards Council (PCI SSC).
PCI SSC is a global forum formed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa Inc. to develop and encourage the implementation of data security standards for secure payments worldwide.
PCI compliance is widely accepted to protect cardholders against any misuse of their personal information and optimize the security of card transactions. Every institution or entity that saves, processes, or sends cardholder data or sensitive authentication data must comply with this security standard.
Furthermore, merchant-based vulnerabilities may occur almost anywhere in the card-processing ecosystem, both online and offline transactions, including point of sales devices, mobile and personal computer devices or servers, public wifi, online shopping websites, paper-based invoices, and remote access connections.
PCI SSC is not legally allowed to force compliance in any entity or business and PCI DSS compliance is not a law or legal regulatory requirement. Still, it is often part of contractual obligations to businesses that process and store payment card transactions to adhere, including credit, debit, and other payments. So, businesses that want to process card transactions must meet this requirement.
This standard is designed to identify any weakness in a website’s security process, procedure, and configuration. That’s why it is important to provide card payments that comply with PCI standards to create a sense of security and real protection for your customers while shopping on your business websites.
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12 Requirements of PCI DSS Compliance
PCI DSS Compliance was created with 6 compliance goals and derived 12 requirements. Some requirements belong to achieving a specific goal. The standard consists of more than 250 sub-requirements. But we will only going to break down 6 goals and 12 requirements. Here are the following goals and requirements based on the PCI Security Standard Council website:
1. Establish and maintain a secure network and system
- Install and manage firewall configuration to protect cardholder data
- Do not use vendor-supplied defaults for system passwords and
other security parameters
2. Protect cardholder data
- Protect stored cardholder data
- Encrypt transmission of cardholder data across open, public networks
3. Manage a vulnerability management program
- Protect all systems against malware and regularly update antivirus software or programs
- Develop and maintain secure systems and applications
4. Implement strong access control measure
- Restrict access to cardholder data by business need to know
- Identify and authenticate access to system components
- Restrict physical access to cardholder data
5. Regularly monitor and test networks
- Track and monitor all access to network resources and
cardholder data - Regularly test security systems and processes
6. Maintain an information security policy
Maintain a policy that addresses information security for all
personnel
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Types of Data on Payment Cards
We understand that the goal of applying the PCI Data Security Standard is to protect cardholder data or your customer’s payment card data. The security system aims to control and process required by PCI DSS are vital for protecting all payment card account data.
But what type of data that is we’re talking about? Please, take a look at the picture of the payment card above. A common payment card, for instance, a credit card, contains sensitive information like how it is pointed in the picture.
PCI DSS Compliance includes the 3 or 4 digits security code printed on the front or back of a card, the data stored on a card’s magnetic stripe or chip (also called “Full Track Data”) – and personal identification numbers (PIN) entered by the cardholder as part of the protected data during the payment process.
Choosing Advanced Payment
Step up your payment security by utilizing a safe and reliable payment service. iFortepay has aligned with PCI DSS Compliance to provide a safe transaction ecosystem for you and your customers. We ensure the protection of customer payment data according to applicable standards.
We are committed to assisting your needs by providing various payment channels including credit and debit card online payment acceptance. Connect your website to online card payment using our reliable integration process through API integration or an official plugin.
Explore your payment needs with our professional sales team by filling out this form or emailing us at sales@ifortepay.id
