PCI compliant payment gateway

What is PCI compliant payment gateway?

Data protection in payment processing, 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 the PCI SSC council, and developed the Payment Card Industry Data Security Standard known as PCI DSS. It's a set of security measures that provide the complete protection of card information and other sensitive data engaged in financial transactions. Since then, any organisation that somehow deals with accepting, processing, transmitting, and storage of cardholders’ sensitive credit card data should comply with PCI DSS. The institutions that are obliged to maintain PCI data security include banks, payment applications, merchants, payment service providers, payment processors, and other organisations involved in card processing.

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

Why is PCI 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 e-commerce, there has been a significant increase in online security attacks, security breaches, 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 your customers to third parties and using the payment account 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.

What are the PCI compliance levels

The PCI DSS standard puts forward rather rigorous requirements for the security of any companies in which payment information is transmitted, processed or stored. That is why the PCI SSS requires every payment brand to certify for Payment Card Industry security standards compliance. 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 standards 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 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 security standards, as well as consulting support during implementation. To confirm compliance with other PCI data security standard levels, a business will need to fill out the SAQ self-assessment sheet or perform an internal ISA audit.

Who needs PCI compliant payment gateway?

The PCI SSC obliges all banks, merchants, payment systems, payment processors, and other institutions that store card data 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 complete payment security with encryption, tokenisation and other security measures. To keep all data encrypted and secure, e-commerce businesses engage PCI-compliant gateways in transaction processing. Thus, to maintain PCI standard security, you will need a PCI-compliant payment gateway. It will help you to deliver quality services and protect your customers from payment fraud.

How can Corefy help?

PCI DSS security should be a top priority for both cardholders and merchants who transmit 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 the processing of your transactions to Corefy, you eliminate the need to pursue PCI 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.

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