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What is PCI Compliance – and why should you care?

August 1, 2023

Posted by Authvia Team | 2 Minute Read

We get it, not everyone speaks acronym. But the meaning behind this corporate jargon really matters in protecting you and your customers’ sensitive data. So, let’s break it down.  

Let’s set the scene. 

If you collect your customers’ sensitive payment info over the phone, you’re exposing them to an entire world of risks. Their data could be stolen or misplaced. This creates a whole mess for you and your customers. Why are you handling such vulnerable information manually? 

AUTHVIA simplifies the process while cutting the risk and mess. With AUTHVIA, you request payments by simply sending your customers a secure code via text, they reply to confirm, and it’s done. No manual entry of sensitive card information, no risk, no problem.  

What is PCI Compliance? 

Compliance with the Payment Card Industry Data Security Standard is “a set of requirements intended to ensure that all companies that process, store, or transmit credit card information maintain a secure environment.” 1  

That’s the super-official definition. Put simply, PCI Compliance is a standard to ensure consumer data is properly stored and protected. It’s like a smoke detector with working batteries. Up-to-code buildings. Licensed drivers. It’s not bureaucratic nonsense. It’s a risk-mitigating and ease-of-operation necessity

To obtain PCI Compliance, you must meet these 12 requirements: 

  1. Maintain a firewall 
  2. Change passwords frequently 
  3. Protect cardholder data 
  4. Encrypt cardholder data 
  5. Maintain anti-virus software 
  6. Perform routine software updates 
  7. Restrict staff/third parties from accessing cardholder data 
  8. Require unique credentials for those who need access to cardholder data 
  9. Restrict physical access of cardholder data  
  10. Maintain logs when accessing cardholder data 
  11. Scan and test system for vulnerabilities 
  12. Document equipment inventory, software, employees with access, logs with times accessed, information flow, etc.1 

Here’s why all this matters: AUTHIVA offers the highest level of PCI compliance, PCI DSS Level 1.

AUTHVIA is audited annually. This includes onsite and in application testing, tech reviews, and coding standards to ensure security is up to standard.

So, with AUTHVIA, you’ll never have to worry if you or your customer’s sensitive information is at risk of being compromised. It’s locked away safely in our digital vault. And no one has access to your customer’s sensitive information. 

Without PCI Compliance, you and your customers are vulnerable to: 

Employee leaks and hackers. 

With AUTHVIA’s PCI-Level 1 Compliance: 

All sensitive payment data stays separate from employees and systems to reduce exposure, with secure AWS encryption. Meaning, your information is turned into a string of numbers with no meaningful value. In the event of a data breach, this information would be useless to the perpetrator.   

Along with the highest level of PCI compliance, AUTHVIA maintains the highest level of texting guidelines, Code of Conduct, and best practices, regulated by Cellular Telephone Industries Association (CTIA). AUTHVIA values taking the strain off partner and clients by safely and efficiently managing transactions. So, you can get back to what you do best: your business.

All in all, AUTHVIA’s patented TXT2PAY® is the most secure way to handle your business transactions. (Oh, and it’s quicker and easier for everyone involved, too.) 

Learn more about security and privacy at AUTHVIA: https://www.authvia.com/security/    

1 https://www.digitalguardian.com/blog/what-pci-compliance

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