In the matter of electronic commerce, every company essentially needs to comply with the Payment Card Industry. Today, we are going to look in detail at PCI compliance and at the stages which exist for businesses to get certified. Here we go!
First of all, let’s define the meaning of this type of compliance. To put it simply, it is a state of conformity with the PCI DSS or Payment Card Industry Data Security Standard, which is a global standard for safeguarding a cardholder’s most important data. If an organisation wants to use debit or credit cards from the major vendors in this field, it’s important to be compliant.
The standard includes twelve requirements that are classified into six sections based on different goals. The list of goals and requirements, both of which apply for 2021, can be viewed here.
The checklist for PCI compliance outlines the stages that need to be passed to receive the compliance certificate. The three sections of this particular checklist are as follows:
E-commerce companies are clearly the winners once considering this type of compliance. Below, we have listed some of the benefits of becoming compliant with PCI:
In this section, we’ll be answering some of the most commonly asked questions about PCI compliance in the UK and beyond.
Any organisation whose work involves the use of cardholders’ personal information and which communicates with financial institutions can implement it.
The quickest way to find out is to contact your current service provider. Another way is to check your monthly bill to see if it includes any PCI DSS fees.
To begin, it’s needed to find out which questionnaire for the self-assessment you will use. Once you are completed with that stage and have answered all the questions, it’s necessary to run a proof of breakability scan with a licensed scanning vendor and keep the results. Then, you should fill out a conformity certificate. Submitting all of the above data is the final step in the process of PCI compliance certification.
There is no regulatory mandate requiring PCI compliance. However, being compliant with this standard is legally binding and can be beneficial for any business.
PCI is a useful standard that can take your online store or any e-commerce company to a new level. However, it also requires careful preparation and testing. If there are any questions arised, you can find the answers you need in the Online Payment Security FAQ, or don’t hesitate to contact us for assistance.