Payment security is the most indispensable part of online payment transfer for every merchant, financial institution, or others have given that they have the most valuable information of the present world: the cardholder’s data.

PCI DSS security standards help protect the safety of data. They set operational and technical standards for firms accepting or processing online technical transactions, and for software developers and, manufacturers of applications and devices used in those transactions.

Maintaining payment security is a tough business. Hence, it becomes mandatory that every linked entity follows closely the PCI DSS standards.

Technical and Operational understanding:

If you accept or process payment cards, The PCI DSS standards apply to you.

Various goals need to be accomplished while getting PCI approved

They are:

Goal: Build and maintain a secure network.

PCI DSS requirements:

  1. Install and maintain a firewall configuration to protect cardholder’s data.
  2. Do not use vendor-supplied defaults for system passwords and other security parameters.

Goal: Protect cardholder’s data

PCI DSS requirements:

  1. Protect stored card holder’s data.
  2. Encrypt transmission of cardholder data via open, public network.

Goal: Maintain a Vulnerability Management Program

PCI DSS requirements:

  1. Use and update regularly anti-virus software or programs.
  2. Develop and maintain secure systems and applications.

Goals: Implement Strong Access Control Measures.

PCI DSS requirements:

  1. Restrict Access to cardholder data by business need-to-know
  2. Assign a unique ID to each person with computer access.
  3. Restrict physical access to cardholder data.

Goals: Regularly Monitor and Test Networks

PCI DSS requirements:

  1. Track and monitor all access to network resources and cardholder data.
  2. Regularly test security systems and processes.

Goals: Maintain an Information Security Policy

PCI DSS requirements:

  1. Maintain a policy that addresses information security for employees and contractors.

How Lyra is a loyal follower of PCI DSS standards.

Lyra Network, the French Online Payments Giant; serves typically well to protect the cardholder’s data by being loyal to the processes of PCI DSS.

The security is a multifold, multiple leveled process that, starts at the most nascent level of card-number specific data blockage to Country-specific Data blockage; to provide a Swiss-bank metaphorical security experience.

The leading edge lies in the fact that we are amongst the topmost firms who keep track of regular updates from PCI and try to incorporate the same into our genetics.