Sunday, March 13, 2016

NPCI awarded card protection certificate

npci (2)
                                                                         March 11, 2016

Mumbai: National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in the country has emerged as thefirst company in the BFSI sector to receive certificate of compliance for the Payment Card Industry - Data Security Standard’s (PCI DSS) latest version 3.1. 

PCI DSS is a widely accepted set of policies and procedures intended to optimize the security of card transactions. It also helps to safeguard the transmission and storage of payment card data.

“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 Mr. A P Hota, MD & CEO, NPCI.

Updates to the standards are geared towards maintaining proper controls and toprovide 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.

About NPCI:
NPCI’s card payment network named ‘RuPay’ provides an alternative to international card schemes. Currently, there are over 250 Million RuPay Cards in circulation.

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