Paytiko stringently monitors online payments, adhering to the highest standard in Payment Card Industry Data Security Standard (PCI DSS) compliance. This article will take a closer look at the security measures implemented by Paytiko, a GDPR-certified company.
All information or data that relates to an identifiable individual that is stored or handled by a business needs to be properly protected. Examples of key pieces of information commonly stored by businesses include names, emails, addresses, telephone numbers and bank and credit card details. From payment data and financial information to contact details for company staff, personal data usage is protected by law in most countries.
The Payment Card Industry Security Standards Council (PCI SSC) was created by Mastercard, Visa, Discover, JCB and American Express in 2006 to manage and administer security standards for companies that handle credit card information. Prior to the establishment of the PCI SSC, each of these five credit card companies had their own security standards criteria, each with similar goals and requirements. By joining forces as the PCI SSC, they aligned on one standard policy: the PCI DSS, to ensure a baseline level of protection for banks and consumers in the internet era. PCI DSS sets a minimum standard for data security with the objective of protecting consumer data and improving public trust in the payment ecosystem.
PCI DSS outlines the security requirements necessary to protect account holder card data. These validation and reporting requirements apply to all businesses involved in or using credit card processing and payments as defined by major credit card brands.
As a PCI DSS-certified company, Paytiko provides clients with peace of mind, offering the reassurance that all of their details are and will remain secure. To ensure the highest level of security, Paytiko undergoes regular scans and assessments to verify that all of its practices remain PCI compliant.
With a comprehensive understanding of the security risks associated with systems that compile customer and merchant financial information, Paytiko is committed to ensuring the security of its data by leveraging the latest innovative technology, rules and policies.
The General Data Protection Regulations (GDPR) are a set of EU laws pertaining to data protection and privacy, defining standards for the processing and collection of personal information from individuals. As a fully GDPR-compliant organisation, Paytiko is transparent about how it handles customer and client information, enabling all customers to request a copy or complete deletion of all of their data at any time and offering the option to opt out of data collection completely.