The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that all credit card information companies operate and maintain a secure environment.
Organizations must implement security measures such as storing data in a secure location and restricting its access in order to protect cardholder data. In Europe, PSD2 is a regulation for electronic payment services that seeks to make payments more secure, boost innovation, and help banking services adapt to new technologies.
There is also the possibility of financial penalties if institutions have been found to have acted carelessly or unethically. Protecting data privacy has always been one of the most significant challenges in the Banking and Financial Sector. There is a common requirement across the industry - a necessity for the security of customer data whether it’s at rest, in motion, or in use.
Utimaco solutions meet the payment industry’s changing security landscape, from the issuance of a PIN number to the processing of online payments. The Atalla AT1000, and Cryptosec Banking HSMs have the most latest compliances when it comes to Payment Processing Standards, TR-31 Key Block, PCI PTS v3, and FIPS 140-2 Level 3.
Applications for Enabling Compliance in Banking & Financial Services
GDPR Compliance
Ensure digital data protection and privacy: Discover how cybersecurity strategies help fulfill GDPR and other data protection laws.
PCI and PSD2 Compliance
Being PCI and PSD2 compliant, ensures that systems are secure, and customers are able to trust that their sensitive payment card information remains protected.
