Transaction Junction achieves PCI Security Standards Council certification for its point-to-point encryption (P2PE) solution. As a leading provider of retail payment solutions in Africa, Transaction Junction can now offer retailers a vetted secure PCI Solution (P2PE), ensuring the protection of consumer cardholder data at the point of sale.
“We take governance and security seriously in any transaction. Achieving this certification was an important milestone for the team and I believe that we compete with any solution provider on the international market. This is something that our blue-chip customers demand and we have delivered,” says Jurie Matthee, Managing Director of Transaction Junction (TJ).
The PCI is a global forum that continuously evaluates, streamlines and publishes industry-influencing guidelines, assisting those institutions that comply with these guidelines to provide payment solutions that customers can trust.
PCI-compliant P2PE solutions assist merchants to protect themselves and their customers from costly data breaches. Transaction Junction’s P2PE solution contains encryption and decryption environments, configuration and design, point of interaction (POI) devices, and other necessary components.
Jurie Matthee, MD of Transaction Junction, explains that going the route of a full validation of the TJ Payment Solution has been a strategic imperative that further enhances the benefits of adopting the TJ solution to POS vendors, merchant retailers and financial institutions.
“TJ adhered to the guidelines as published by the PCI Security Standards Council and has worked tirelessly with our QSA, SecuriCentrix, and their PCI P2PE Certification team helping to ensure that our integrated retail solution provides the maximum benefit. The P2PE validation path was a natural addition to our retail solution, confirming that we can ensure security and peace of mind for ourselves, our banking partners and, most importantly, our customers,” explains Matthee.
“Trust is an imperative that simply cannot be broken; we recognise this and will continue to focus on driving value where it is needed,” says Matthee.
As a merchant retailer, there are significant benefits to deploying a P2PE certified solution in your business, including:
- The securing of payment card data using established strong encryption processes.
- A simplification of the overall PCI validation process due to significant scope reduction benefits.
- Reduction in the number of SAQ-D questions on a merchant’s PCI Assessment from 332 to 33 using SAQ-P2PE.
- Significant cost savings to the merchant retailer in association with its own PCI compliance requirements by indicating that its solution is validated by the PCI Security Standards Council.