Switchio achieves P2PE certification, the pinnacle in payment security
We’re thrilled to announce that our Switchio platform has gained the PCI P2PE Solution and PCI P2PE DMS Component validation, putting our company among only a handful in the world to offer a PCI P2PE-validated payment solution.
The certification reflects our many years of experience in developing secure software, such as POS terminal apps, payment processing software, user authentication software, as well as secure environment operation in the payment chain, chip card personalization, and more.
The Switchio P2PE Solution and Switchio P2PE DMS Component are listed on the PCI SSC website.
What is P2PE certification?
Point-to-Point Encryption (P2PE) is the gold standard for payment data protection. All components involved in the payment data handling until the data decryption in our secure environment are deeply evaluated during the P2PE validation to ensure all elements are consistent with the P2PE standards and secure.
Helping businesses focus on doing business
Kamil Hanáček, head of Switchio, says the new certification can greatly reduce retailers’ compliance burden: “Big retailers, the so-called Tier 1 merchants, handle millions of in-person payments annually. But they specialise in the sale of goods and services, not payment industry regulations. When they deploy Switchio’s complete P2PE-validated solution across the chain, not only are they providing their customers with superior protection, but they’re also simplifying the PCI-DSS compliance validation process, because we’ve already done the bulk of the footwork for them. It frees their hands and lets them direct more resources to building their business”.
Pioneering secure payments processing
Switchio processes millions of secure in-person payments on thousands of retail terminals. The solution has been successfully deployed on a global scale across Europe, Central America, and Latin America. It is compatible with a wide range of POS devices, payment methods, and acquirer connections.
Key benefits for merchants using the P2PE Solution:
- Switchio P2PE Solution can reduce your compliance burden (4 SAQ control sections instead of 12, and 33 verification questions instead of 329), leaving more time and money to put into your business.
- Highest level of security from data at point-of-interaction (POI) for reduced fraud risk.
- Merchants with their own P2PE terminal app and TMS can add Switchio‘s decryption management services (DMS) component to their existing solution.
