OKTO has been awarded the Payment Card Industry Data Security Standard (PCI DSS) certification, demonstrating its commitment to investing in cutting-edge and dependable technologies while adhering to high industry technological standards in order to provide enhanced security for consumer financial data and increased trust in the payment ecosystem. The OKTO.WALLET solution from the fintech firm complies with all Level 1 Service Provider regulations, assuring the confidentiality and safety of payment cardholder data.
According to the requirements formed by the international payment systems, Visa, Mastercard, American Express, and other members, all entities that store, process, and ensure the transfer of data to the OKTO solution were evaluated and confirmed that the security controls and procedures had been properly implemented as per the policies recommended by PCI DSS.
OKTO’s CTO, John Zacharakis, said: “PCI DSS certification is a key step of our high-quality offering to our customers and commitment to the industry’s highest standards in the most regulated markets. OKTO meets the objectives of the PCI DSS and assures that its clients obtain a fully PCI DSS compliant services, adhering to high security technical standards which ensure the security of the network infrastructure, and apply required controls around cardholder data to minimize credit card fraud.”