PCI DSS compliance
Whether your application is a fintech platform like Robinhood or a streaming system that requires paid subscriptions, you can’t neglect PCI DSS compliance. Otherwise, your software is susceptible to data breaches, resulting in disastrous financial consequences or even loss of business. The PCI DSS standard is complicated, so we’ll cover the basics to give you a better picture of the requirement.
PCI DSS stands for Payment Card Industry Data Security Standard. It’s a prescriptive standard that protects debit and credit card details, referred to as cardholder data. The purpose of PCI DSS is to prevent payment card fraud by shielding cardholders’ information within the organisation that accepts such payments.
The model for providing the standard incorporates the best practices assembled by world-class security experts. Corporations all over the globe use it, and here’s how it looks:
- Buying and using approved PIN entry devices
- Purchasing and using validated payment software
- Storing no sensitive cardholder data on paper or in computers
- Using firewalls on your PCs or network
- Making sure wireless routers feature encryption and are protected by strong passwords
- Regularly checking PCs and PIN-entry devices to ensure there’s no rogue software
- Teaching your team about cardholder data security and protection
Following some of these principles can be challenging, which is why it’s difficult to achieve full compliance. We can advise and develop software in accordance with the security requirements. It can be an expensive process so most customers will choose to integrate with an approved PCI DSS compliant provider like Stripe or eWay. We can help with those integrations.
Putting Security First
PCI DSS compliance requires multiple security levels through adequately configured firewalls. It also warrants an IT security system that detects lapsed updates or unpatched holes on your network and can be modified based on ongoing threats.
Qubisoft is a DSS compliance company that’s well-versed in all these aspects. By delegating your software development to us, you’ll ensure your application is equipped with appropriate security measures.
Preventing Data Breaches
Data management and compliance are essential considerations when creating your enterprise app, especially if it processes or stores sensitive client data. This is the main reason why hiring DSS compliance services should be your top priority. With proper protection in place, your business is less vulnerable to cybercrime. Hacking the network becomes a lot more challenging, and criminals have an even harder time finding the details they’re after.
Avoiding Lawsuits and Fines
Without robust shielding, you may face costly fines from various customers and organisations due to data theft. You’re also running a risk of client and third-party lawsuits, as well as card brand and government penalties.
But if your product is PCI DSS-compliant, you can eliminate the chance of losing a lot of money due to potential data breaches.
Building Trust With Clients
Trust is the cornerstone of any successful ecommerce company. Your clients believe you’ll send the items they’ve bought and that you’ll securely process their payments. The best way to instil even more confidence is to introduce international safety standards. This also protects your organisation’s reputation, one of the most valuable assets of any business.
Once Qubisoft helps you build a trustworthy business environment, your target customers will be more likely to stick to your offerings.
Meeting Global Standards
The PCI DSS regulation was initiated by five of the most well-known credit organisations in the world. By achieving compliance, you can assume your position among many international businesses and retailers committed to customer protection and data security. In turn, your popularity can increase and draw more clients looking to cooperate with a company that won’t let them down.
Why Choose Us?
Qubisoft takes a customer-first approach with each step of your app development, taking your business needs into account and modelling all software capabilities around them. By employing the Agile method, we abandon any attempt to complete the entire project at once. Instead, our seasoned team breaks the tasks into smaller chunks, allowing us to hone in on key areas and reduce room for error.
We also work with our clients and continuously obtain feedback to ensure their demands are met. By providing our customers with demo versions, they can see if the app is working for them and if any areas need revamping.
When it comes to testing, Qubisoft uses cutting-edge technology to ensure our solution can keep up with the latest changes in your industry. Once the system is ready for release, we roll it out to you and provide comprehensive maintenance. All our solutions come with user and technical manuals where appropriate to ensure all the important information remains in your hands. In short, we ensure you’re left with a highly optimised product to help your business thrive.