Today, Procard LTD finished its next PCI PIN Security audit. The independent auditing company Advantio Ltd. (Dublin, Ireland) confirms the compliance of Procard information infrastructure to requirements of PCI PIN Security version 3.1.
This is a very important step in building an independent third party processor on the base of our data center and allows Procard LTD to successfully implement itself in the IPS Visa and MasterCard.
A few words about PCI PIN Security.
The Payment Card Industry (PCI) PIN Security Requirements are essential guidelines for ensuring the secure management, processing, and transmission of Personal Identification Number (PIN) data. Let’s explore the key aspects:
- Overview:
- These requirements focus on safeguarding PINs used in transactions governed by the PCI standards.
- The document is organized into seven logically related groups called Control Objectives.
- Control Objectives:
- Control Objective 1: Ensures that PINs used in transactions are processed using equipment and methodologies that keep them secure.
- Control Objective 2: Ensures that cryptographic keys used for PIN encryption/decryption and related key management are created in a way that prevents predictability or favoring certain keys over others.
- Technical Reference:
- The requirements are based on industry standards such as ANSI, EMV, ISO, FIPS, NIST, and PCI.
- They cover topics like symmetric key distribution, key management, and secure PIN processing.
- Symmetric Key Distribution:
- Normative Annex A provides details on symmetric key distribution using asymmetric techniques.
- It outlines secure methods for distributing keys to ensure confidentiality and integrity.
In summary, PCI PIN Security Requirements play a critical role in maintaining the integrity and confidentiality of PIN data, contributing to safer electronic transactions worldwide.