PCI-DSS (Payment Card Industry Data Security Standard) is a comprehensive security standard, meant for organisations that store and process data from cardholders. These companies are required to comply with this standard. It goes without saying that SimpledCard is PCI-DSS certified.
What is the PCI-DSS standard?
The PCI-DSS standard is composed by Mastercard, VISA, American Express, JCB and Diners. It is an independent international security standard to protect cardholder data concerning digital payment methods and payment cards.
Why is PCI-DSS certification so important?
With the rise of digitization of payment traffic and the resulting increase in digital transactions, it is becoming more important to protect the security of data of credit card users. To this end, the largest credit card providers have formed a consortium and set up a standard. Every company that processes and stores cardholder data is required to demonstrate that this data is protected to the highest security standards. The certificate shows that the certified company has passed through an intensive audit and has shown that it applies strict measures to ensure that cardholder data is carefully protected.
The SimpledCard cards are prepaid Maestro® cards and prepaid Mastercard® cards. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to license by Mastercard International Inc. WDCS is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051)