PCI DSS Level 1
We are happy to announce that Kvanto Payment Services have been upgraded and have received Certificate of PCI Compliance, Level 1. This Attestation of Compliance must be completed as a declaration of the results of the service provider’s assessment with the Payment Card Industry Data Security Standard Requirements and Security Assessment Procedures (PCI DSS).
PCI Compliance Level 1 is one of four PCI merchant compliance levels and two service provider levels established in effort to protect the security of credit card data and cardholder data, in e-commerce transactions as well as those conducted in-store.
The PCI Security Standards Council (PCI SSC) created compliance levels in acknowledgment that security risks to merchants, service providers, and their credit card data rise with the number of payment card transactions processed. The fewer the transactions, the lower the level–and the less organizations need to do to be PCI compliant.
What is a Level 1 Service Provider?
Service providers are entities that process payments for, or provide services such as internet services to, merchants and acquiring banks.
Requirements
- Annual Report on Compliance by a Qualified Security Assessor
- Quarterly network scan by an Approved Scanning Vendor (ASV)
- Penetration Test
- Internal Scan
- Submission of completed Attestation of Compliance Form
Overview of PCI Requirements
PCI Security Standards are technical and operational requirements set by the PCI Security Standards Council (PCI SSC) to protect cardholder data. The standards apply to all entities that store, process or transmit cardholder data – with requirements for software developers and manufacturers of applications and devices used in those transactions. The Council is responsible for managing the security standards, while compliance with the PCI set of standards is enforced by the founding members of the Council: American Express, Discover Financial Services, JCB, MasterCard and Visa Inc.
Adsigo AG has been engaged to perform the initial PCI DSS compliance assessment Kvanto Payment Services.
For more specifications please see: Link