VTEX, a global digital commerce platform servicing more than 2,000 companies worldwide, announced today that it has joined the PCI Security Standards Council as a new Participating Organization.
VTEX will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS).
Endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the PCI Security Standards require merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection – not just once a year, but as part of a business-as-usual security posture. To enhance payment data security globally while embracing new technologies as they are developed, the Council relies on involvement of those across the payments processing chain, from merchants and service providers to payment device manufacturers and software developers, financial institutions and processors.
As a Participating Organization, VTEX adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback. This is of great importance because it will shape their final versions, as well as engage a growing community of more than 750 organizations united to improve payment security worldwide.
VTEX will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council, participate in exclusive webinars and question and answer sessions with Council representatives, as well as review and discuss new versions of the PCI Security Standards while sharing cross-sector experiences and best practices at the annual Community Meetings.
"In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity's best protection against network security threats and data breaches," said Stephen W. Orfei, General Manager of the PCI Security Standards Council. "By joining as a Participating Organization, VTEX demonstrates they are playing an active part in mitigating the threats and improving the security of the payment chain globally by driving the security standards to higher levels of adoption and strength."
"When developing SmartCheckout, PCI DSS certification was a mandatory requirement. But it ended up being more important than just the product. The maturity level we reached in the process of becoming compliant helped in defining us as a company," said Andre Uchoa, Chief Security Officer and Enterprise Architect at VTEX. "Today as a global digital commerce solution, joining PCI Security Standards Council as a Participant Organization presents us with a great opportunity to contribute to the improvement of the standards in parallel with the many great companies who are also part of the program."