Understanding Standards of PCI SSF compliance and Need for PCI SSF compliance
PCI SSF compliance
As many people think that making payments using the different portals or software is quick and easy, at the same time, there is an equal number of public worried about the risk involved in these type of payment options. For the safety of the customers, the PCI security standard council (PCI SSC) has set some framework that defines the standards to safeguard the public from breaches. These are the PCI Software Security Framework (SSF). The software used for the payment transactions should have the PCI SSF compliance that assures secured transactions.
Standards under PCI SSF:
The PCI SSC has designed two different standards under this framework that the payment software vendors should consider. It includes the validation framework with an additional qualification program designed for the assessors. The payment software should pass these standards to achieve PCI SSF compliance. These standards include:
PCI SSS: PCI Secure Software Standard is defined for the security requirements and procedures crucial to protect the confidentiality and integrity of payment data. It controls security controls, characteristics, features, and functionalities possessed by the payment software and has to be maintained throughout the software lifecycle. These standards are defined by the vendor.
PCI SLC: PCI Software Life Cycle defines the procedures and requirements for the vendors for validating the management of payment security during the entire software life cycle. It includes the technology, processes, and persons involved in the development, maintenance, and deployment of the payment software products and services.
Benefits of PCI SSF compliance:
Any person approves the use of any product or service based on the advantages or benefits offered by it. There are different benefits for any payment software if it has PCI SSF compliance. These benefits include:
Elimination of risk: If the payment software inconsideration has the PCI SSF compliance, then there are decreased chances of any unnecessary penalties or complications arising from the data breach.
Decreased chance of data brisk: If the software is PCI SSF compliant, then there is a decrease in chances of an attack on the software. This is due to the presence of suitable protection and security measures for the payment software.
Enhanced protection: The PCI SSF compliant payment software helps to ensure the customer that the software protects the critical data. It ensures that there is secure authentication and implementation of access controls.
Regulation: It ensures that all the legal obligations are met and all the regulations complied with.
Boost confidence: If the payment software has PCI SSF compliance, the customers and their stakeholders have good confidence in their products and services.
Enhance business: If the customer has confidence in the payment software, they continue to use it. This will help to increase the business and will also help in attracting more customers.
Considering all the above-mentioned benefits of PCI SSF compliance, the payment software must comply with the standards as it will ensure the customers having the best security while making the transactions.
