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PCI DSS Level 1 and What Do its Requirements Entail?
PCI DSS (Payment Card Industry Data Security Standards) refers to the payment cards industry data security standards. PCI data security standards are requirements determined by a council (PCI SSC) consisting of representatives of companies with global card networks such as American Express, MasterCard, Visa, Discover, and JCB to ensure the security of card and cardholder data.
PCI DSS Level 1 and What Do its Requirements Entail?
All global banks that offer Visa, Mastercard, American Express, Discover, and JCB cards to their customers and accept payments with these cards oblige their merchants to comply with various security levels required under PCI DSS and are responsible for overseeing this. PCI DSS Level 1 is the highest level of these standards and is mandatory for all companies that will store card data in their systems and all companies that provide services to other companies as service providers.
It follows that the SaaS development company that will build a cloud solution for your business should also be compliant with PCI DSS Level 1. In other words, secure card storage can only be done by companies with PCI DSS Level 1 compliance certificates or that receive service from an infrastructure service provider company according to international standards.
Processes And Procedures
Companies must regularly undergo internal and external security screenings by authorized independent audit institutions to obtain PCI DSS Level 1 certification. It manages its internal systems and operations according to a relatively comprehensive list of criteria and rules.
In addition, all processes and procedures are subject to detailed on-site audits every year. As it can be understood, PCI DSS compliance requires significant operational and technical investments for a company that does not have payment infrastructures as its core business.
Payment Technologies Infrastructure
In addition, to achieve PCI compliance, you must endure a cost and labor-intensive, resource and ongoing compliance and certification process. As a result, it is quite contrary to the business world’s understanding of business conduct and productivity.
In all these processes, many corporate companies worldwide prefer to partner with companies that specialize in this field and offer payment technologies infrastructure with PCI DSS Level 1 compliant systems to provide their customers with a secure payment infrastructure that complies with international standards.
Why Choose Octalas for PCI DSS Compliance?
At Octalas, we understand the critical role of payment security in today’s business world. That’s why we offer comprehensive solutions that ensure our clients comply with the highest level of PCI DSS standards. Our team of experts assesses your business needs and guides you through the entire compliance process, including system setup, monitoring, and auditing. By choosing Octalas, you can focus on your core business and leave the payment infrastructure to us.
