The PIN is the authentication data for all transactions, and any denial of security can lead to this sensitive data landing in the wrong hands. Fraudulent transactions will not only lead to the financial loss of the customer, but the POS agent will also lose his/her credibility and might have to face heavy penalties from Payment brands for non-compliance. Lately, attackers have started targeting unsecured and old POS devices in use over the world. And therefore, it becomes increasingly important.
Since the slightest breach in the safety of data can lead to a huge financial loss, the major payment brands mandate all PIN program participants to perform their onsite PIN compliance validation. PCI PIN Compliance reduces the chances and the potential impact of a compromise of PIN data by ensuring that PIN Entry Devices meet the minimum criteria laid down for security.
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