Accounting & Audit
Invoiced Achieves PCI – DSS (Level 1) Compliance For Its AR Automation Platform
The PCI-DSS (Payment Card Industry Data Security Standard) is the payment card industry’s rigorous information security standard and applies to all organizations that store, process, and/or transmit cardholder data.
Jun. 04, 2020
Invoiced, an Accounts Receivable Automation platform, has earned an independent verification of PCI-DSS compliance for its cloud based system. Invoiced’s new PCI Level 1 compliance verification affirms the company’s commitment to information security and builds on Invoiced’s pre-existing SOC 2 and HIPAA compliance practices. The audit and verification was undertaken by an independent QSA (Qualified Security Assessor), resulting in a completed ROC (Reporton Compliance).
The PCI-DSS (Payment Card Industry Data Security Standard) is the payment card industry’s rigorous information security standard and applies to all organizations that store, process, and/or transmit cardholder data. Achieving PCI Level 1compliance and certification requires that all system components that handle or access cardholder data must afford and maintain the strictest level of security controls—technically, operationally and physically. The PCI Security Standards Council defines a “Level 1” business as one that processes at least 6 million card transactions per year. PCI Level 1 is the highest, and most stringent level of the PCI DSS compliance standards.
PCI Level 1 compliance and verification in the context of accounts receivable is becoming increasingly important to CFOs and their accounting and finance teams as they’re increasingly accepting more payments via credit and debit cards, entrusting more of their financial operations to software vendors and seeking to minimize overall corporate risk.
The significant time and resource investment required to achieve PCI Level 1 compliance and verification demonstrates Invoiced’s commitment to information security for both clients and their cardholder customers.
For additional information on Invoiced compliance and security capabilities please visit https://invoiced.com/product/security