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Payment Card Industry Data Security Standard (PCI-DSS)

PCI-DSS is a set of security standards for merchants that handle credit card payments.

What is PCI-DSS?

PCI-DSS ensures that any company processing, accepting, or storing credit cardholder data will follow security best practices. PCI-DSS has four compliance levels, depending on the number of transactions a business processes yearly. Businesses must evaluate their PCI-DSS compliance requirements annually.

Why do we need PCI-DSS?

Credit card companies mandated the PCI-DSS standard to ensure that transactions happen in a secure environment and to minimize credit card fraud. A business that complies with PCI-DSS makes itself trustworthy in the eyes of its customers and partners. The price of noncompliance is often enough to convince a business that compliance is worthwhile.

How your organization can apply PCI-DSS

If you handle cardholder data in your project, you must comply with the PCI-DSS standard to ensure that the data is processed in a safe manner. PCI-DSS v3.2.1 will be valid for two years following the March, 2022 release of version 4.0 (until 2024), after which it will be retired. Merchants have a two-year window to familiarize themselves with version 4.0.

How SD Elements can help with PCI-DSS

One of the benefits of using SD Elements for development projects is to comply with regulations and standards such as PCI-DSS. SD Elements helps you manage security requirements across the Software Development Life Cycle (SDLC). If you handle cardholder data in your project, SD Elements makes it easier for you to deliver your product while satisfying security requirements specified in the PCI-DSS standard.

Ready to see what SD Elements can do?