Payments compliance for issuers made easy.
Use cases | Card scheme compliance
Enabling compliance for issuers is about more than legalities. It’s about supporting their commitment to protecting consumers from fraud and safeguarding their data.
Payments compliance for issuers made easy.
Use cases | Card scheme compliance
Enabling compliance for issuers is about more than legalities. It’s about supporting their commitment to protecting consumers from fraud and safeguarding their data.
Processing payments involves the handling of sensitive financial data and Personal Identifiable Information (PII), making it a magnet for cybercriminals. Compliance ensures those involved in the payment process are protecting consumers from fraud and safeguarding their data, while:
- Preventing financial loss due to fraud, chargebacks, and penalties.
- Upholding their reputation by demonstrating a commitment to security.
- Adhering to legal requirements that could otherwise result in fines and legal issues.
Entersekt is certified with EMVCo and PCI 3DS to ensure our 3-D Secure (3DS) solutions – including our ACS, 3DS Server, and Directory Server – are compliant with the 3DS protocol. Here’s how Entersekt supports financial institutions with 3DS compliance and as well as data protection regulations, industry-specific standards, and regulatory compliance.
PCI DSS provides a comprehensive framework for securing payment card data. Certifying the Entersekt Secure Platform and cloud environment to PCI DSS standards is a meticulous process that we handle so our clients don’t have to. Our strict adherence provides our clients and their cardholders with peace of mind, knowing that their sensitive information is safe.
Key PCI DSS requirements we meet include:
- Network security: Implementing firewalls, intrusion detection systems, and vulnerability management programs.
- Data protection: Encrypting transmitted cardholder data, protecting stored data, and limiting access to sensitive information. Developing and maintaining secure systems and applications.
- Access control: Restricting access to cardholder data and assigning unique IDs to all people with computer access.
- Monitoring and testing: Regularly testing networks and systems for vulnerabilities and implementing security updates.
- Information security policy: Maintaining an information security policy that addresses cardholder data protection.
Our annual Attestation of Compliance certificate is available upon request.
PSD2, or the Second Payment Services Directive, is a regulation aimed at strengthening consumer protection in the European Union (EU). Strong Customer Authentication (SCA) is a key component of PSD2 compliance, which mandates that electronic payments be authenticated with two or more of these independent factors for transactions over a certain threshold:
- Something you know (knowledge factor): Password, PIN
- Something you have (possession factor): Card, mobile device
- Something you are (inherence factor): Biometric data like a fingerprint or facial scan
How Entersekt enables PSD2 SCA compliance
Entersekt’s multi-factor authentication (MFA) meets all the SCA requirements mentioned above. SCA Exempt Transactions are supported: Using Entersekt’s risk data for Transaction Risk Analysis (TRA), issuers can identify low-risk transactions eligible for SCA exemptions.
In addition, Entersekt enables frictionless SCA using behavioral analytics together with our proprietary Browser ID feature. Browser ID, a feature of Browser Authentication, works across most browsers and OS platforms to create a unique device ID that serves as a strong possession factor in the MFA journey.
While every card scheme adheres to the 3DS protocol as set forth by EMVCo, each card scheme has their own set of requirements and standards for their affiliated card issuers.
How Entersekt supports card brand compliance
Entersekt partners with issuers to ensure they have the control, tools, and reports to manage their compliance. Some of the areas Entersekt provides card brand compliance support are:
- Data security: Entersekt ensures the proper storage, transmission, and disposal of sensitive information in compliance with PCI DSS standards, using strong encryption methods and restricting access to sensitive data.
- Fraud prevention and chargeback management: By providing issuers with the most advanced, fraud-resistant authentication methods together with best-in-class risk intelligence and advice, issuers reduce the cost of chargebacks and overall fraud.
- Card-specific requirements: We provide issuers with the control to revise aspects of their 3DS program and comply with unique requirements. We also provide access to reports that document compliance to card schemes, such as for Data Integrity Monitoring (Mastercard Edits) and AN8808.
As card schemes release new requirements, Entersekt supports the risk data and reporting necessary for issuers to comply.
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