PCI payment gateway is the payment system, which adhered to a compliance of PCI (Payment Card Industry). PCI compliance has been adherence to the set of security terms that was developed to prevent card information after or at the time of a financial transaction. PCI compliance makes sure that merchant giving security for their customer’s payment card detail without leaking out important information. This means it follows security requirements such as procedures, network architecture, and software design. PCI compliance is not a choice for the merchant who processes the credit cards as well as store cardholder details. The credit card firm needs merchants to safely handle the information all times. If any merchants failed to comply the PCI requirements leads to a large amount of penalty that may also provide the result of canceling the payment process. The requirement to prove the pci compliant payment gateway is purely up to the bank or merchant and relies on the number of factors involving a myriad of transactions customer process annually.
Six main requirements included in PCI compliance:
The major credit card organization created a PCI DSS (Data Security Standard) in order to ensure the merchants to adopt critical safeguard measure. Totally, twelve requirements for meeting PCI DSS is there and it broken into six groups.
- Build and maintain the secure network:
- i) Install and maintain the firewall configuration to prevent cardholder data.
- ii) Do not utilize vendor-supplied defaults for the system passwords as well as other security parameters.
- Prevent cardholder data:
- i) Need to prevent stored cardholder information
- ii) Encrypt transmission of the cardholder data across open for the public networks.
- Maintain the vulnerability Management Program:
- i) Use and need to regularly update the anti-virus software
- ii) Develop and to maintain the secure systems as well as applications
- Implement the strong Access Control Measures:
- i) Restrict access to the cardholder data by business require to know
- ii) Assign the distinctive ID for every person with the computer access
iii) Restrict physical access to the cardholder data
- Need to monitor regularly and to test networks:
- i) Monitor and track all access to cardholder data and network resources
- ii) Regularly test the security systems and processing for the integrity of PCI payment gateway
- Maintain the information security policy:
- i) Maintain the policy which addresses information security
Who should be PCI compliant?
If a merchant or bank accepts credit from their customer then they must be the PCI compliant. Many gateways, as well as online payment processing solutions, can claim their drop-in credit card apart from worrying regarding PCI compliance. But, this is not fact, even if a customer is utilizing the third party in order to handle the collection, storage and processing prevented cardholder information, then they must be PCI compliant. Third party solution assists people to reduce the PCI compliance worry, but it cannot avoid it entirely. The customer still has to certify every year, but often can able to do with less effort as well as an expense than storing and processing by themselves. If merchant not having proper pci compliant payment gateway then will find their business in a very dangerous situation. If cardholder information is stolen and merchant not having a PCI complaint, then merchant needs to pay some high amount as penalty.