Set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA), National Payments Corporation of India (NPCI) announces its certification of compliance for the Payment Card Industry – Data Security Standard’s (PCI DSS) latest version 3.1.
“User information data transmitted through cards are highly sensitive and hence we keep our entire infrastructure secure and upgraded. All member banks can trust NPCI with their sensitive payment card information and also get their payment platform certified on PCI DSS. Aligning security programs with the updated standards helps us in continual identification of threats and vulnerabilities that could have potential adverse impact,” said A P Hota, MD & CEO, NPCI.
Claimed to be the first company in the BFSI sector to receive such an accreditation, PCI DSS is a widely accepted set of policies and procedures intended to optimise the security of card transactions. It also helps to safeguard the transmission and storage of payment card data.
Updates to the standards are intended for proper controls and to provide a strong framework for protecting payment card data. PCI DSS is constructed in such a way that their principles can be applied to various environments where cardholder’s data is processed, stored, or transmitted—such as e-commerce, mobile acceptance, or cloud computing.