When we talk about payment and storage of sensitive information, security is an important factor. As drivers are increasingly paying their fares with credit cards, it is crucial to provide them with the highest level of security. A Secured Credit Card Payment can be granted thanks to EMV and PCI Compliance.
They are guidelines for protecting cardholder data for the purpose of reducing the risk of frauds and ensure secured credit card payments.
In particular, EMV is a standard for fraud prevention technology included in payment cards and chip readers in payment terminals and assures that, if credit card data is stolen, the content is rendered useless.
PCI is a set of security guidelines to be used across credit card merchants and service providers for processing, transmitting, or storing credit card data and it makes sure that the card data are kept secure hence not stolen. PCI compliance is required regardless of whether EMV is implemented.
EMV and PCI work together to ensure that card-present transactions are safe and secure not only for the cardholder, but also for the merchant that is responsible for providing a safe infrastructure for the transaction.
Merchant of any size who accepts credit cards must be in compliance with PCI Security Council standards. EMV is required to secure transactions with chip-based payment cards.
Secured Credit Card Payment is also guaranteed for contactless card payments, since they have the same features as the traditional smart card and PIN code, and transaction process takes place via the same secure networks.
Contactless payments by mobile phone also benefit from comparable security features.
In a parking world where drivers are increasingly choosing cashless payment methods such as credit cards and mobile transactions, it is crucial to provide secured credit card payments for their convenience.