PCI DSS Compliance
Optimal security protection with PCI DSS Compliance
As your trusted PCI DSS compliant payment processing provider, MONEXgroup is fully committed to prevent security breaches and payment card data theft.
What is PCI DSS (Payment Card Industry Data Security Standard)?
The Payment Card Industry Data Security Standard (PCI DSS) was established to reassure and protect consumers and their data. Every business is required to follow the PCI DSS set of security standards for credit card transactions.
PCI DSS is maintained by the Payment Card Industry Security Standards Council (PCI SSC), a group created in 2004 by the five major credit card companies: Visa, Mastercard, Discover, JCB International, and American Express.
What does PCI DSS compliance involve?
- Collecting and transmitting sensitive credit card data securely
- Storing secure data using encryption, ongoing monitoring, and security testing
- Annual security validation through vulnerability scanning, audits, etc.
How is MONEXgroup implementing the PCI DSS requirements?
MONEXgroup is following all requirements put forward by the PCI DSS framework, including digital systems with firewalls, updated antivirus and software, unique IDs, 2FA protection, data encryption, restricted access, accurate logging, vulnerability testing, as well as credit card masking in all environments.
PCI DSS compliance ensures that all MONEXgroup’s digital infrastructure is secure. We are focused on building complete trust and confidence by using thorough diligence regarding customer data protection, and avoiding breaches of sensitive data.
What are the objectives of PCI DSS Compliance?
The objectives of PCI DSS Compliance are maintained through a set of strict regulations merchants and Payment Service Providers must follow to collect and transfer Credit Card information.
Build and maintain a secure network and systems
- Install and maintain a firewall configuration to protect cardholder data
- Do not use vendor-supplied defaults for system passwords and other security parameters
Maintain a vulnerability management program
- Protect all systems against malware and regularly update anti-virus software
- Develop and maintain secure systems and applications
Protect cardholder data
- Protect stored cardholder data
- Encrypt transmission of cardholder data across open or public networks
Implement strong access control measures
- Restrict access to cardholder data by business need to know
- Identify and authenticate access to system components
- Restrict physical access to cardholder data
Regularly monitor and test networks
- Track and monitor all access to network resources and cardholder data
- Regularly test security systems and processes
Maintain an information security policy
- Maintain a policy that addresses information security for all personnel
How does the Payment Card Industry Data Security Standard (PCI DSS) work?
Compliance with PCI DSS is a continuous process that involves 3 steps
- Assess – Identify and inventory assets and processes that handle cardholder data, and analyze them for vulnerabilities that could lead to exposure.
- Repair – Remediate vulnerabilities and secure business processes.
- Report – Document the assessment process and remediation performed to fix the vulnerabilities, and share compliance reports with the bank/card companies that you do business with.
Leverage MONEXgroup’s PCI DSS compliance to your advantage
The PCI DSS standard is based on the accumulated efforts of the international payment card industry over many years. In strict accordance with the requirements of PCI DSS, MONEXgroup has implemented security protection for the cardholder data environment to prevent data leakage around sensitive information.
Chose MONEXgroup as your fully PCI DSS compliant payment processor to deliver superior customer confidence around security, and cut down your risk exposure! Consequently, you may reduce the effort and expense of validating your business’ compliance.
Jumpstart your business potential today with payment processing services from MONEXgroup
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