FInd out how P2PE can keep your payment data more secure

P2PE is the PCI Security Council’s gold standard for data encryption in payments. Using a P2PE device simplifies your life and compliance, and merchants who use it ensure they’re doing everything possible to keep customer data safe.

But what exactly is P2PE? What do you need to know?

The Basics of P2PE
P2PE is a standard of the PCI Security Standards Council. While payment solutions can encrypt data using a variety of different methods, to claim P2PE status, solutions must be reviewed and approved by the PCI Security Standards Council.

P2PE-validated solutions maximize security in several different ways, some of them going far beyond the encryption technology. For instance, from the time of the device’s manufacturing, it must be tracked and secured extensively to ensure that no tampering has occurred. This includes each step of the way until it’s plugged in by the merchant and every stage of a device’s life--procurement, storage, shipping, and installation among others.

The technology itself is the best available to merchants. Encryption in P2PE begins the instant the card is read, and continues as data is passed to the processor and acquirer and then back to the merchant. It ensures the data is never at risk.

The Major Benefits of P2PE
In today’s world, fraud and breaches are a common occurrence. Some merchants, especially larger ones or merchants in industries that handle sensitive personal information, are particularly at-risk for a breach or fraud. Considering the damage that a single incident can cause to a company’s bottom line, not to mention reputation, it’s crucial for these companies to do everything they can to prevent any incidents.

P2PE is one of the best ways that payment solutions can ensure the security of personal information data and minimize breach risk. It makes life easier in a variety of ways:

  • Reduced risk of payment fraud. By instantaneously encrypting cardholder data, it makes it nearly impossible for fraudsters to intercept and interpret the payment information and sensitive data.
  • Simplified PCI-DSS compliance efforts. Many merchants must undergo annual or semi-annual audits that can be extremely time-consuming. This helps to significantly lighten the load involved in the self assessments and annual PCI audits, and helps merchants focus on their core business operations.
  • Self-assessment questionnaire reduced from 12 sections to 4. This simplified compliance process is one of the most significant time-saving aspects in the implementation of a P2PE validated solution.
  • Controls reduced from 329 questions to 35. The sheer reduction in volume is important to note—again, businesses will have far more time to focus on their day-to-day concerns as they rest easy knowing their customer’s payment data is safe.
  • Reduced liability. Merchants who closely follow all of the instructions in the P2PE manual and implementation guide, and who never co-mingle their payments with other non-P2PE devices, face reduced liability, allowing them to rest easy in case anything ever does occur.

Why To Make A Change
Industries like healthcare, education, pharmaceuticals and others with many locations are especially focused on security, and P2PE can often be the best protection for these industries because of its higher level of payment data security. But merchants of any type can benefit from the added security that P2PE brings, and the increased time it gives them to focus on their core business.

​​The Benefits of P2PE and P2PE-Validated Solutions

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