![]() More card transactions being processed is equal to higher fraud risks therefore, a much stricter compliance is required. ![]() The greater the number of transactions being processed, the more compliance requirements there are. This means that merchants’ funds are guaranteed if processed as an EMV transaction.īelow are the different levels of PCI Compliance. With this confidence, issuers are able to enforce a liability shift and take on any risk when processing a transaction that is fully EMV compliant. EMV enables issuers to assert that they are definitely processing the customer’s card and not a copied version. The EMV certification process ensures that merchants can accept cards with chip technology, which adds an extra layer of security during card-present transactions. PCI ensures that a business is operating in a secure network and that information stored for a customer is secure. PCI Compliance is a set of security guidelines for anyone that is processing, transmitting or storing credit card data. Let us go back to basics as we go through two of the standards that are important - EMV certification and PCI compliance. ![]() ![]() We thought it was timely to revisit our feature on PCI Compliance and EMV Certification in a Nutshell. With the world of digital, contactless and touch-free payments, it's important to keep a focus on security. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |