The Payment Card Industry Security Standards Council introduced the worldwide information standard to prevent credit card fraud when processing payments.
The standard applies to all organizations which hold, process, or exchange cardholder information from any card branded with the logo of one of the card brands.
Why PCI Compliance?
PCI compliance is now mandatory for all online transactions, yet many eCommerce sites do not comply, leaving buyers at risk of card fraud and sellers at risk from fraudsters.
Level 1 is the gold standard of PCI compliance, but attaining Level 1 is a costly and long process, and it is not a one off. Powa is audited each year by an external agency to ensure that this standard is maintained, as well as being an active participant of the PCI Security Standards Council. All Powa sites include the PCI compliance Logo as a trust-marque to confirm compliance and provide buyer confidence when considering to make a purchase from your site.
Will Your Solution be PCI Compliant?
Until now card issuers and acquirers have found it difficult to police compliance, but as awareness of fraud risks increases that is set to change. Will you invest in a commerce website that’s not PCI compliant, or will you take the safe option with Powa?
What’s in PCI Level 1 Compliance?
The strict requirements for Level 1 Certification cover all parts of the platform and its operations, including:
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Security management policies
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Operating procedures and practices
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Network architecture
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Software design and deployment, including maintenance and updates
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Critical protective measures
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Data storage and transmission
PCI Compliance = Consumer Trust + Brand Protection
PCI compliance ensures security, as well as increasing and protecting consumers’ trust in your brand. Although retailers recognize the need for PCI compliance there is still much confusion in the retail world about exactly how to achieve it. And yet a breach in security means potential loss of valuable customers, revenue, data and time, and the possibility of long-term brand damage.
A Simple Solution to PCI Compliance
PCI compliance cuts widely across many part of an eCommerce solution, including not only software design, but also hardware infrastructure, network design and management, operating procedures and policies, and human processes too. It’s a costly process that requires dedicated human resources to achieve and maintain the certification status through multiple audits, and in the face of rapidly changing technology, almost daily revelations of new technology exploits, and ever more advanced fraudsters.
