Your eCommerce platform can aid your success only when it excels in features like responsiveness, flexibility, agility, and user-friendliness. While most of these features assure return on the investment, the security and safety of eCommerce transaction ascertain that your customer trust you. The PCI compliance is your road to developing a safe and secure eCommerce platform.

What is PCI compliance?

As card payments surged, everyone had difficulties relying on the transactions done through the virtual medium as real money was involved. Customers wanted something to assure them about the safety of their important data, account details, and login IDs. This led to the development of PCI compliance for all eCommerce solutions.

As the eCommerce dealt heavily with online transactions, the industry embraced PCI compliance to process the payments.
PCI or Payment Card Industry is a standard set of security guidelines crafted to determine that all eCommerce portals process, accept your card or bank account information through a secure environment.

The PCI further witnessed authorization in 2006 where it got associated with the Security Standards Council in an effort to improve payment account security. The body also manages PCI DSS (Payment Security Council Data Security Standard) and acts as an independent entity created by ruling card brands like Visa, Discover, and American Express etc.

It is important to note here that PCI compliance is not a mandatory law or a compulsory obligation. It is an organization-level initiative that handles payment data and relates information. The main aim of the body is to ensure that the consumer’s information stays safe while being used on an eCommerce platform.

It is important to take into account the PCI compliance guidelines. For this, there are tools like Magento for e-commerce web development that provide various compliance levels to ensure the encryption of the personal data.

How Magento helps in PCI compliance?

eCommerce is an element of your business that helps you to create more revenue from your products. The platform or the software used to run the business should always be compliant.

When we talk about Magento, it is not a PCI DSS certified platform. However, it makes things easy as it is linked to the payment bridge, which is responsible for carrying out all the card processing. This particular payment gateway is a dubbed tool and PCI DSS certified.

The PCI compliance levels in Magento deals with payment bridge integration. When you create your eCommerce website with Magento, in order to integrate a reliable payment bridge you must be PCI certified.

This reduces the burden on eCommerce platforms and often elevates the liability of card or bank processing systems. This feature provides Magento the advantage to enjoy certain liabilities. It further avoids undergoing certain re-certifications.

Another advantage is that Magento separates the e-commerce and payment gateway platforms. This enables the addition of new features to the eCommerce platform without the need of going through PCI compliance again and again.

SSL certification process

In an effort to secure your transaction on a business portal, business owners also take assistance from the SSL server. SSL certificates are small cryptographic keys that secure credit card transaction, data transfers and login details.

An SSL server efficiently binds together the server name, a domain name, and the organizational entity. If you are looking to get your eCommerce business SSL certified, here are the steps you can follow:

• Request your certificate by creating a certificate-signing request also called CSR.
• After creating a CSR, copy and paste it into the online order form where you can purchase your SSL.
• Order your certificate from the official SSL provider website.
• Validate your business. SSL authorities confirm certificates are issued to legal entities. This includes domain ownership verification and document submission.
• After validation, install the SSL certificate on your domain and verify it using an SSL checking tool.

Benefits of PCI compliance

PCI compliance ensures a safe environment for business transactions and protects customer information. Here are some key benefits:

• Increases customer trust by safeguarding sensitive information like card details and passwords.
• PCI-compliant businesses grow faster as customers feel secure sharing financial details.
• Provides a competitive edge in a market filled with non-legitimate options.
• Helps avoid lawsuits, fraud, fines, and payment-related risks.
• Ensures secure transactions while maintaining a scalable eCommerce platform.

Conclusion

An online store owner often focuses on development and marketing while overlooking security. By ensuring customer data protection, Magento with PCI compliance levels helps build a secure and successful online business.

We are a Magento partner with decades of experience in helping eCommerce companies build scalable stores and follow security best practices. To learn more about PCI compliance or SSL certification, visit www.i95dev.com.