Rain (DSS) Achieves PCI DSS Compliance, Enhancing Security in Digital Payments
- Rain has achieved PCI DSS compliance, enhancing security in processing and storing credit card information.
- This certification complements Rain's existing SOC 2 certification, demonstrating a strong commitment to data protection.
- Compliance with PCI DSS positions Rain as a leader in secure payment solutions for enterprise clients worldwide.
Rain Achieves PCI DSS Compliance, Strengthening Security Standards in Payments
Rain, a global card issuing and payments platform, recently announces its compliance with the Payment Card Industry Data Security Standard (PCI DSS). This significant achievement underscores Rain's commitment to security and regulatory adherence in an industry where data protection is paramount. PCI DSS is a stringent set of requirements designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. By achieving this certification, Rain enhances its infrastructure's security, fostering greater trust among its partners and users.
The company's compliance with PCI DSS complements its existing SOC 2 certification and ongoing smart contract audits conducted by Sherlock. This multi-layered approach to security showcases Rain's dedication to safeguarding sensitive payment data while providing reliable payment solutions. Christopher Grieco, Rain's General Counsel & Chief Compliance Officer, articulates that this milestone reflects the company's broader vision of developing secure, compliant, and scalable payment systems. As the digital payments landscape evolves, Rain's adherence to high-security standards positions it as a leader in the field, particularly for enterprise clients in need of robust payment solutions.
As a Visa Principal Member, Rain offers a developer-friendly card issuance platform that enables programs to launch within weeks, catering to a diverse clientele that includes enterprise institutions, fintech companies, and crypto-native platforms across over 150 countries. CEO Farooq Malik emphasizes that the compliance with PCI DSS not only meets but exceeds the security and compliance expectations of its enterprise clients. This development allows these clients to confidently scale their card programs globally, leveraging Rain’s customizable API that supports both custodial and non-custodial wallets. With the ability to operate across multiple blockchain networks, Rain-issued cards can be accepted at over 150 million merchants worldwide, facilitating the seamless integration of digital assets into everyday transactions.
In addition to the compliance achievement, Rain continues to innovate within the financial technology sector, aiming to rebuild essential financial infrastructure. The company's advancements contribute to enhancing the efficiency of money flow on a global scale, positioning it as a key player in the evolving landscape of digital payments. As Rain focuses on expanding its offerings and capabilities, its commitment to security and compliance remains central to its mission of transforming how financial transactions are conducted worldwide.
For more information on Rain’s services and developments, visit their website at https://www.rain.xyz/.