The industry has witnessed a rapid shift from paper based payments to electronic payments. This paradigm shift has brought about a lot of regulatory compliance changes and the industry is braving up to these challenges.
MphasiS' PCI practice helps clients address PCI DSS compliance gaps through a comprehensive range of consulting and application services ranging from assessment to audit, remediation, and certification.
MphasiS provides application development, application re-write, and production support services to PCI certified clients in line with PCI requirements and standards. We deliver this using MphasiS' Continuous Prevention, Assessment, Monitoring (C-PAM) methodology
MphasiS co-developed an Application Remediation platform to fulfill the most critical aspects of PCI DSS along with HP, right from conceptualization, design, architecture to development and implementation. HP's proprietary Frankenkey solution aims to address the PCI DSS requirements for merchants (retailers, insurers, etc.) by tokenizing the card number. The merchant therefore stores only the tokenized data and the actual card payment details are stored in PCI compliant data centers, thereby eliminating the need for merchants to store the cardholder details.