Whether it's your own company or when choosing a supplier, PCI compliance requirements are highly important for payments. Understand all about it here.
PCI compliance, or PCI DSS, is one of the most relevant security system certifications in the world. This is the acronym for Payment Card Industry Data Security Standard, and it is required for all companies that process card payments.
This certification was developed and is managed by the PCI Security Standards Council, which was created by the most important brands in the card industry, such as American Express, Mastercard, and Visa.
In this article, you will better understand what the PCI DSS certification is, what its levels are, and the benefits this certification brings to an organization — whether it's your own company, or when choosing a supplier. Check it all out below!
This is an issued certificate that verifies if the company correctly manages the credit card data that travels through its network. PCI Compliance comprises a series of security requirements and procedures in order to protect cardholders' personal data and thereby reduce the risk of card data theft or fraud.
To obtain this type of certification, the company must meet 12 minimum requirements that are divided into 6 objectives, namely:
When the company reaches these 6 goals, it is able to obtain the PCI DSS certification, which confirms that it has the correct handling of card data in relation to user security and information leakage.
In addition, it is necessary to know how to conduct an assessment to obtain it. The analysis basically consists of an audit performed by a qualified security assessor that verifies that the merchant has achieved the 12 requirements, which have more than 300 security procedures.
Finally, the company will still need to prove compliance with the requirements annually by submitting a self-assessment questionnaire or compliance report.
There are four tiers of PCI Compliance, and they are related to the number of online transactions carried out using credit cards. Each level requires annual renewal and has different requirements, ranging from annual self-questionnaires to annual audits. See what they are below:
In a scenario with increasingly recurrent applications of fraud in card payment systems, proving security and ethics in the handling of card transactions is essential to obtain greater credibility with consumers.
After all, this type of certification improves the company's position in the market and increases competitiveness, since the requirements can be extremely difficult to implement, maintain and update according to the updates proposed by the council.
The purpose of adopting PCI Compliance is to reduce and prevent the possibility of fraud or information theft. In other words, adopting a PCI DSS compliant payment solution means providing an excellent and secure consumer shopping experience.
In addition, the company will stand out from other organizations that do not have such certifications, as it attests to good behavior with payment data.
PCI Compliance requirements are divided into 6 objectives, as mentioned above, which aim to provide a secure payment chain where there is no room for theft or leak of card information and customer data.
Among the requirements, there are more than 300 procedures that must be met to ensure compliance with the certification. Let's see which are the main ones:
In this article, we have seen what PCI Compliance is, its main requirements, and also how important this type of certification is for companies that carry out several credit card transactions. Therefore, it is essential that the corporation invests in this technology, as it avoids fraud and data theft, making the consumer have a great experience and become loyal to the brand.
BoaCompra by PagSeguro is certified as a PCI DSS company and is ready to help your company leverage its business in Latin America through local payment methods. Click below to contact us to learn more about how we can help your business succeed in Latin America: