Prahsys prioritizes the security of payment processing, ensuring full compliance with industry standards to protect sensitive financial and patient payment data. This guide outlines best practices, security features, and compliance measures to help merchants maintain a secure payment environment.
PCI Compliance & Data Security
Prahsys is fully PCI-DSS compliant, adhering to strict security protocols to safeguard payment information. All transactions are protected using end-to-end encryption (E2EE) and tokenization, ensuring that sensitive cardholder data is never stored in its raw form.
Fraud Prevention Measures
Merchants can take proactive steps to minimize fraud risk, including:
Enabling fraud detection settings in the Prahsys dashboard.
Requiring CVV verification for all card transactions.
Using Address Verification System (AVS) for additional security.
Regularly reviewing transactions for any suspicious activity.
Activating two-factor authentication (2FA) to secure account access.
Handling Suspected Fraudulent Activity
If fraudulent activity is suspected:
Immediately contact Prahsys support to report the issue.
Freeze or disable affected accounts if necessary.
Review transaction logs to identify unauthorized access.
Update account credentials to enhance security.
Advanced Account Security
Prahsys strongly recommends enabling two-factor authentication (2FA) to add an extra layer of protection to merchant accounts. Access permissions can also be customized by setting user roles and restrictions within the Prahsys dashboard, ensuring that only authorized personnel can access sensitive data.
Fraud Monitoring & Chargeback Protection
Prahsys utilizes AI-powered fraud detection to monitor transactions in real-time, automatically flagging unusual activity. Additionally, merchants benefit from chargeback dispute resolution tools, allowing them to submit evidence against fraudulent claims and minimize financial losses.
Compliance Standards Met by Prahsys
Prahsys adheres to the highest compliance requirements, including:
PCI-DSS (Payment Card Industry Data Security Standard) for secure payment processing.
HIPAA compliance for handling healthcare-related transactions and protecting patient data.
SOC 2 standards for maintaining data security and privacy.
Security Breach Response
In the event of a security breach, Prahsys takes immediate action by:
Conducting a thorough investigation and notifying affected merchants.
Collaborating with cybersecurity experts to contain and resolve the issue.
Providing guidance on necessary steps for merchants to secure their accounts.
Maintaining Compliance & Best Practices
To ensure ongoing security and compliance, merchants should:
Train staff on best security practices.
Keep payment terminals and software updated to prevent vulnerabilities.
Enable fraud prevention tools within the Prahsys dashboard.
Regularly review account permissions and access logs to prevent unauthorized access.
For additional security assistance, compliance inquiries, or fraud-related concerns, merchants can contact Prahsys Customer Support for expert guidance and support.