What is PCI Compliance?
PCI Compliance is often abbreviated from Payment Card Industry Data Security Standards. PCI DSS is a set of security standards, developed by card brands such as Visa and Mastercard, that applies to any company which processes credit card payments. Through our Online Payments module, parents benefit from the ability to make payments directly to their child’s school bank account.
Why should payment providers be compliant?
Tucasi does not transmit or store card details. However, we still need to maintain PCI Compliance to support the PCI compliance status of each individual school.
Data protection and security has been a huge focus within the industries environment, especially since the amendments in the General Data Protection Regulations in May 2018.
Ensuring that your data is collected, stored, used and shared in the correct way is the reason why PCI Compliance exists. Any payments facilitator who processes over 300,000 transactions per year should be fully Level 1 compliant with PCI regulations. However, many are not.
Highest level of compliance
Tucasi is certified as a Level 1 service provider, which is the highest level of certification available. We take our school’s data seriously and comply with the highest levels of security. Working with leading security professionals ECSC, we have undertaken an external audit led assessment to achieve our compliance certificate.
What this means for our customers
Our customers’ information is safely managed in accordance with PCI DSS regulations, providing peace of mind. Tucasi continually invests in information security, pushing the standard higher in the education space.