What Is PCI DSS Compliance?
PCI DSS stands for Payment Card Industry Data Security Standard. Essentially, it’s a set of rules put in place to ensure that all companies that process mobile payments, transmit, or just store credit card info does so in a completely secure environment.
It is essential for a merchant to adhere to PCI standards, as it can reduce the risk of credit card fraud, allow credit card users to enjoy secure mobile payments, and completely safeguard cardholder data.
What is defined as cardholder data, you might ask? Basically:
- The cardholder’s name
- The expiration date
- The service code
How Spoonity Helps Merchants Comply with PCI DSS
It’s quite simple. Our platform offers all merchants access to PCI DSS-compliant payment portals. As a result, every single transaction is done over a secure connection.
That’s not all, though. Since we really care about mobile payments security, we also perform security scans regularly, and we follow the best security practices – as outlined by the PCI compliance documents.
This way, you don’t just get to keep your clients happy by ensuring their credit card data is safe. You actually get to save money by not wasting any time and financial resources on:
- Development costs
How Do We Store Credit Card Data?
Spoonity relies on a third-party credit card processor to safely store cardholder data and ensure credit card users get to take advantage of secure mobile payments by using a unique key.
And no, we don’t store cardholder data on our servers or on individual mobile devices. We’re heavily focused on providing high-end security to help you protect your customers’ financial data, after all.
If you want to find out more about PCI DSS compliance, you can refer to the PCI Security Standards Council.