PumaPay Cryptobilling Solution Receives PCI Compliance

PumaPay, a blockchain payments system that provides an open-source “free-of-charge blockchain-based protocol” that decentralizes the transaction process, announced on Monday its cryptobilling solution, PullPayment Protocol, has secured PCI (payment card industry) compliance.

PumaPay reported that its PullPayment Protocol aims to provide the flexibility of cryptopayments in day-to-day transactions by enabling multiple payment scenarios and all the familiar billing methodologies used with credit cards.

“By building its own ecosystem, including the development of a Business Console and PumaPay Pride, a marketing hub for all businesses to promote their products, PumaPay’s solution is striving to become a viable cryptopayment system tailored for all businesses and individuals worldwide. PCI compliance gives PullPayment Protocol the legitimacy it needs to serve everyone interested in purchasing products with crypto.”

Speaking about the compliance approval, Yoav Dror, CEO of PumaPay, stated:

“PCI compliance puts PullPayment Protocol on the map, giving PumaPay the recognition it needs to deliver its cryptobilling solution, while also keeping users’ financial information secure. The goal here is to give people the ability to spend their cryptocurrency easily and safely as they would regular fiat, and to allow businesses to accept cryptopayments using the same payment method to which they’re accustomed.”

PumaPay added that PCI compliance standards require businesses to handle credit card information in a secure manner that ensures the cardholder’s sensitive financial data remains safe. The requirements are set by the Payment Card Industry Security Standards Council.
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