PCI DSS compliant payment gateway

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What is PCI DSS compliant payment gateway?

Data protection when processing payments, especially when using online payment methods, has become an acute issue in recent years when electronic payments have rapidly gained momentum. To prevent fraud associated with card data theft, the largest card networks have teamed up, formed PCI council, and developed the Payment Card Industry Data Security Standard (PCI DSS) — a set of security measures that provide the complete protection of card details and other sensitive data engaged in financial transactions. Since then, any organisation that somehow deals with accepting, processing, transmission and storage of cardholders’ payment data should comply with the PCI DSS requirements. The institutions that are obliged to validate compliance include banks, payment applications, merchants, payment service providers, payment processors, and other organisations involved in electronic payment processing.

So, what are the PCI DSS compliance essential requirements? The provisions of the PCI DSS standard cover such aspects as:

  • Development and improvement of secure network infrastructure

  • Protection of cardholder data with encryption and other security methods

  • Monitoring the process of updating system components and anti-virus software

  • Control and differentiation of access to information resources

  • Regular testing and monitoring of system security

  • Information security policy

As we see, PCI DSS requirements cover the security of information infrastructure at all levels. If a business has anything to do with the processing, transmission or storage of customer card data, the information security must be constantly maintained by both internal specialists and partner organisations. The combination of processes, people, and technologies that you use to support your compliance is called the PCI Scope. The accurate scoping will help you determine the necessary coverage for your PCI DSS assessment.

Why is PCI DSS compliance important for a payment gateway?

It’s not uncommon for convenient one-click online payments on e-commerce sites to backfire on cardholders. With the explosive growth in online shopping, there has been a significant increase in card data leaks and fraud. Since a payment gateway is indispensable for processing online payments, integration of a gateway without PCI DSS compliance can entail many risks associated with possible breaches of sensitive data of their customers to third parties and using this data for fraudulent purposes. That’s why compliance with this set of security standards should be your top priority. Ignoring even one PCI DSS requirement puts your security and reputation at risk.

A PCI DSS standard is universally applicable to payment service providers, internet acquiring companies, and payment systems. The same goes for payment gateways which are directly responsible for protecting transactions details from the moment they are entered on the payment page and until the end of processing. Therefore, every merchant who values their reputation will ensure the maximum security of their customers' confidential card data and choose a payment gateway provider that has validated compliance with PCI DSS.

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What are the PCI DSS compliance levels?

The PCI standard puts forward rather rigorous requirements for the security of any companies in which payment information is transmitted, processed or stored. Moreover, even if an organisation has already passed certification, an annual compliance check is still carried out. Such audits help determine if the business is complying with the security requirements in good faith or has received PCI DSS certification just for show. In case of violations, the company will have to pay a substantial sum of money as a fine.

Depending on the number of transactions processed by an organisation annually, there are different PCI DSS levels:

  • Level 1: more than 6 million transactions annually

  • Level 2: from 1 million to 6 million transactions per year

  • Level 3: from 20 thousand to 1 million transactions per year

  • Level 4: up to 20 thousand transactions annually

It’s noteworthy that only an independent auditor — Qualified Security Assessors (QSA) carry out the PCI DSS level 1 compliance validation. The certification procedure for this PCI DSS compliance level includes an extensive audit of the company's information infrastructure, the development of recommendations and regulatory documents necessary to comply with the standard, as well as consulting support during implementation. To confirm their compliance with other PCI levels, a business will need to fill out the SAQ self-assessment sheet or perform an internal ISA audit.

Who needs PCI DSS compliant payment gateway?

The PCI Security Standards Council obliges all banks, merchants, payment systems, payment processors, and other institutions involved in processing to meet PCI DSS requirements. Without it, the organisation cannot be considered reliable, and you cannot trust it with your personal data. A payment gateway can be compared to a regular POS terminal in brick and mortar store. Its main task is to ensure the complete payment security with encryption, tokenisation and other security measures. To keep all data encrypted and secure, e-commerce businesses engage PCI DSS compliant gateways in transaction processing. Thus, the integration of a PCI DSS compliant payment gateway is a must for merchants who aim to deliver quality services and protect their customers from payment fraud.

How can Corefy help?

Security should be a top priority for both cardholders and merchants when it comes to transferring or storing sensitive debit or credit card data. Corefy meets the strictest requirements of the highest PCI DSS level. Our team closely monitor each transaction to protect businesses and their customers from possible identity theft and credit card fraud. By entrusting processing your transactions to Corefy, you eliminate the need to pursue PCI DSS compliance because you already have a fully protected payment processing system at your disposal. Create the best customer experience by ensuring the highest data protection of your consumer’s data.

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