User fraud can have adverse impact on individual citizens of a country or local government and impose significant economic losses.
Regulations in identifying individuals, such as KYC processes required for banks, are mandated by governments to fight crime and protect users.
Stripe has been audited by an independent PCI Qualified Security Assessor (QSA) and is certified as a PCI Level 1 Service Provider.
This is the most stringent level of certification available in the payments industry.
For each field, the data is one-way hashed and then digitally signed.
Stripe makes this easy for you as we can do the heavy lifting to protect your customers’ card information.The type of SAQ depends on how you integrated Stripe and which of the methods below you use to collect card data.Certain methods may require you to upload additional PCI documentation to us.User’s data is always kept with the user on their mobile device.It is never stored in a central server that can be hacked.While governments may not be the first to try new solutions, they are inter-dependent on the private sectors that adopt them and will follow suit as observed in many countries such as Estonia.Anyone involved with the processing, transmission, or storage of card data must comply with the Payment Card Industry Data Security Standards (PCI DSS).Without them engaged, there is no identity to manage.Service providers can range from banks to airlines and airports to health care providers, merchants or educators.User’s decide with whom their share their data with and which specific pieces of their identity they choose to share.Sho Card’s patented Identity Management platform is intended to be easy to use and to remove friction and cost for both users and service providers.