What is PCI Transformation?
Payment Card Industry Data Security Standard (PCI DSS) is a security standard required of all companies and organizations that gather, store, process, or transmit customers’ payment card data for purchases of services and products. Complying with the PCI Standard can be time-consuming and expensive.
PCI Transformation is a process built to help organizations reduce compliance scope and compliance headaches by:
- Identifying opportunities to reduce payment card footprint.
- Implement network segmentation controls to reduce the cardholder data environment.
- Tokenization, or the substitution of payment card number with a token that references the payment card number, but which cannot be monetized.
- Use of third parties.
Why Should We Consider PCI Transformation?
Companies with complex cardholder data environments, should consider professional assistance with PCI Transformation. It’s also beneficial for organizations that are struggling with PCI compliance or looking for ways to reduce their PCI spend.
This process supports organizations in decreasing exposure to breach of payment cards and avoiding fines and penalties for non-compliance with PCI regulations. It also reduces the internal costs of managing PCI assessments and compliance.
Trust AWA for PCI Transformation
The AWA branch of I.S. Partners works with business owners to understand the end-to-end flow of payment card data. We will meet with IT support teams to understand the scope reduction efforts, such as network segmentation and tokenization. Then we will analyze how payment cards are stored and identify strategies to reduce the scope and effort of complying with PCI DSS.