What Technology Can Help You To Prevent Credit Card Fraud And To Save On PCI Audit?

Point-to-point encryption is a technology which can provide merchants with a new level of security and consequently it helps them to get out of the PCI scope. The usage of point-to-point encryption allows transmitting the card number in the encrypted format it means that you do not store the credit card information on your own that’s why the PCI audit which you need to undergo is simplified.

There are a lot of things which you need to consider while implementing point-to-point encryption. You need to keep in mind that not all swipe devices are capable of encryption and you need to consider at what point the encryption is going to take place and whether it can help you to reduce the PCI scope Also you need to be aware of the fact that both symmetric and asymmetric keys and encryption algorithms are used in different conditions and you must be able to choose the one you need. You should know that decryption can be performed either by software or hardware. And the last option is required for full PCI compliance.

There are a lot of other things which should also be taken into account but the above-mentioned issues seem to be the most important ones. Those who are looking for an example of a payment processing solution that supports P2PE can pay their attention to UniPay Payment Management Platform. Have a look at our site to understand how it all works. 

The information is taken from the article atpayvisors.com