News

Today Procard received confirmation from IPS Visa about the successful launch of transaction flows in accordance with the VTS protocol.

The complex and challenging implementation began several months ago. Our team carried out all the necessary tests, resulting in the Procard processor infrastructure meeting the strict IPS Visa requirements.

Thus, our clients received the opportunity to use a modern service for their business.

A few words about VTS

Visa Token Service (VTS) plays a crucial role in enhancing digital commerce innovation. Let’s dive into the details:

1. What Is Visa Token Service (VTS)?
• VTS is a foundational platform for global tokenization provided by Visa.
• Its mission is to bring trust to digital payments by replacing sensitive account information (such as the 16-digit primary account number) with a unique digital identifier called a token.
• These tokens allow payments to be processed without exposing actual account details, significantly enhancing security.
2. Key Features and Benefits of VTS:
• Fraud Reduction: By using tokens, VTS helps reduce fraud and unauthorized transactions.
• Authorization Enhancement: It increases authorization rates, ensuring smoother payment experiences.
• Versatility: VTS supports online, in-store, and mobile in-app purchases.
• Flexible Deployment: VTS offers various deployment and management options.
• Consumer Convenience: It simplifies the purchasing experience for consumers.
3. Who Benefits from VTS?
• Issuers: VTS empowers issuer banks to provide secure and efficient payment solutions.
• Merchants: They benefit from increased authorization rates and reduced fraud risk.
• Independent Developers: VTS enables seamless integration into digital payment ecosystems.
4. How Does VTS Work?
• Tokenization: Sensitive account information is replaced with a unique token.
• Digitization: Tokens are provisioned to devices or platforms for secure transactions.
• Global Reach: VTS leverages Visa’s global network for seamless payments.

In summary, Visa Token Service ensures that digital payments are not only secure but also convenient, fostering trust in the evolving world of commerce.

Today, Procard received confirmation from IPS MasterCardabout the successful launch of both issuing and acquiring transaction flows in accordance with the 3DS protocol version 2.1.

The complex and challenging implementation began several months ago. Our team carried out all the necessary tests, resulting in the Procard processor infrastructure meeting the strict IPS MasterCard requirements.

Thus, our clients received the opportunity to use a modern service for their business.

Today, Procard received confirmation from IPS Visa about the successful launch of both issuing and acquiring transaction flows in accordance with the 3DS protocol version 2.1.

The complex and challenging implementation began several months ago. Our team carried out all the necessary tests, resulting in the Procard processor infrastructure meeting the strict IPS Visa requirements.

Thus, our clients received the opportunity to use a modern service for their business.

Today, Procard LTD finished its annual PCI 3DS audit. The independent auditing company Compliance Control Ltd. confirms the compliance of Procard information infrastructure to requirements of  PCI 3DS version 2.1.

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 3DS.

Created by Visa and MasterCard, 3D Secure, also called 3DS, is a technical standard that adds a layer of security to online credit and debit card transactions. The PCI 3DS (or Three Domain Secure, 3-D Secure) is a modern messaging protocol that enables consumer authentication with their card issuer when making online purchases. PCI 3DS and PCI DSS are separate standards. 

The 3DS standard applies to 3DS environments (3DE) where 3DSS, ACS, and/or DS functions are performed. The DSS standard applies to the cardholder data environment (CDE), where payment card data is stored, processed, or transmitted.The Strong Customer Authentication regulation, as part of PSD2 in Europe and similar regulations in the UK, India and Australia, might require using 3DS for card payments. 3DS is optional in other regions but you can still use it as a tool to reduce fraud. Integrate 3D Secure (3DS) into your checkout flow. 

3DS can be very effective at stopping third-party fraud. However, it does nothing to prevent first-party fraud, which makes up the bulk of the average merchant's chargebacks.

Today, Procard LTD finished its annual PCI DSS audit. The independent auditing company Advantio Ltd. (Dublin, Ireland) confirms the compliance of Procard information infrastructure to requirements of  PCI DSS version 3.2.

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 DSS.

The Payment Card Industry Data Security Standard (PCI DSS) is a set of security requirements designed to protect cardholder data during payment card processing. Here are the key points to cover in your article:

• Understanding PCI DSS Audit:
  • Definition: A PCI DSS audit is a comprehensive assessment of an organization’s adherence to the PCI security standards.
  • Purpose: To verify that the organization has implemented necessary controls and security measures to protect sensitive cardholder data.
  • Frequency: Typically conducted annually, but the frequency may vary based on the organization’s level and risk profile.
• Audit Steps:
  • Pre-engagement:
    • Determine the scope of the audit.
    • Engage with a Qualified Security Assessor (QSA) or an Internal Security Assessor (ISA).
  • Pre-onsite:
    • Conduct an initial gap assessment to ensure readiness.
    • Clarify requirements and expectations.
  • Onsite:
    • Validate and document compliance during the audit.
    • Address any identified gaps or issues.
  • Post-onsite:
    • Collaborate on remediation steps.
    • Prepare the Report on Compliance (ROC).
  • Ongoing Support:
    • Continuously monitor compliance.
    • Seek guidance from QSAs when needed.

Key considerations for Procard LTD after audit:

• Risk Assessment: The company creates and uses a real system for evaluating threats and vulnerabilities.
• Policies and Procedures: Procard develops a strong foundation for compliance - information security policies and procedures and strongly follows all these rules in everyday business processes.
• Latest Standard: All of the staff stays informed about updates.
• Documentation: All documentation of Procard is maintained with accurate records.
• Qualified Assessors: The company prefers to work with QSAs or ISAs.