PCI DSS (Payment Card Industry Data Security Standard) is a set of security requirements that all organizations accepting, processing, storing, or transmitting credit card data must follow. Established by Visa, Mastercard, American Express, Discover, and JCB, PCI DSS includes 12 requirements across 6 control objectives. Non-compliance results in fines from $5,000-$100,000 per month. Regulativ automates PCI DSS compliance through continuous monitoring, automated evidence collection, vulnerability scanning, and audit-ready documentation.

PSD2 is an EU regulation governing payment services across the European Economic Area, effective since January 2018. Key requirements include Strong Customer Authentication (SCA) using multi-factor authentication, Open Banking APIs, enhanced consumer protection, and elimination of card surcharges. Penalties for non-compliance reach up to 4% of annual revenue. Regulativ helps payment providers achieve PSD2 compliance through automated SCA implementation, API security monitoring, transaction monitoring, and regulatory reporting.

The 12 PCI DSS requirements are: (1) Install and maintain firewall, (2) No vendor-supplied defaults, (3) Protect stored cardholder data, (4) Encrypt transmission, (5) Anti-virus software, (6) Secure systems, (7) Restrict access by need-to-know, (8) Unique user IDs, (9) Restrict physical access, (10) Track and monitor access, (11) Test security systems, and (12) Maintain security policy. Regulativ automates compliance across all 12 requirements.

Strong Customer Authentication (SCA) is a PSD2 requirement mandating multi-factor authentication for electronic payments in the EEA. SCA requires at least two of three factors: knowledge (password), possession (mobile device), and inherence (biometric). Exemptions exist for low-value transactions, trusted beneficiaries, and low-risk transactions. Regulativ automates SCA compliance by implementing MFA workflows, managing exemptions, monitoring authentication rates, and maintaining audit trails.

AML (Anti-Money Laundering) compliance involves detecting, preventing, and reporting financial crimes. Requirements include KYC verification, transaction monitoring, sanctions screening, SAR filing with FinCEN, enhanced due diligence for high-risk customers, and recordkeeping for 5+ years. Regulations include Bank Secrecy Act, USA PATRIOT Act, EU AML Directives, and FATF recommendations. Regulativ automates AML compliance through real-time transaction monitoring, automated KYC, sanctions screening, case management, and regulatory reporting.

KYC (Know Your Customer) verification confirms customer identity and assesses risk. Requirements include identity verification, address verification, beneficial ownership identification, PEP screening, sanctions checking, and risk profiling. KYC is required at account opening, large transactions, suspicious activity detection, and periodic reviews. Regulativ automates KYC through digital identity verification, document authentication, biometric checks, automated risk scoring, and continuous monitoring.

Yes, Regulativ provides comprehensive payments compliance solutions covering PCI DSS, PSD2, AML, KYC, sanctions screening, and fraud prevention. Our platform automates cardholder data security, implements SCA, monitors transactions for AML/fraud, conducts automated KYC, performs real-time sanctions checks, generates SARs, and maintains compliance documentation. Over 150 payment providers use Regulativ to reduce compliance costs by 80%.

PCI DSS non-compliance penalties include monthly fines from $5,000-$100,000, increased transaction fees, card processing suspension, mandatory forensic audits costing $50,000-$500,000, legal liability, reputational damage, and regulatory enforcement. Data breaches cost an average of $4.45 million. Regulativ helps avoid these penalties through automated PCI DSS compliance monitoring and continuous validation.

Payment fraud detection uses AI/ML to identify patterns including velocity checks, geolocation analysis, device fingerprinting, behavioral biometrics, transaction anomalies, and historical deviations. Common fraud types include CNP fraud, account takeover, chargeback abuse, synthetic identity fraud, and money mule schemes. Regulativ's AI fraud detection reduces false positives by 70%, catches sophisticated fraud, provides real-time decisioning, and integrates with payment gateways.

Open Banking under PSD2 requires banks to provide TPPs access to customer account information through secure APIs with consent. Requirements include dedicated APIs meeting technical standards, SCA for API access, secure protocols (OAuth 2.0, TLS 1.2+), audit trails, consent management, and incident reporting. Regulativ ensures compliance through API security monitoring, access validation, consent tracking, incident detection, and regulatory reporting.

Sanctions screening checks payment participants against government sanctions lists including OFAC, UN Security Council, EU sanctions, and UK HM Treasury. Violations result in severe penalties: OFAC fines average $1-10 million and can exceed $1 billion. Regulativ provides real-time sanctions screening with fuzzy matching, automated list updates, risk-based scoring, case management, and audit documentation.

PCI DSS 4.0 is the latest version released March 2022, with full compliance required by March 31, 2025. New requirements include MFA for all CDE access, payment system component inventory, targeted risk analysis, enhanced logging, and customized implementation approaches. Regulativ automates PCI DSS 4.0 compliance through continuous monitoring, automated risk analysis, asset inventory, enhanced logging, and evidence collection.

Regulativ automates AML transaction monitoring through AI detection of structuring, rapid fund movement, round-tripping, unusual international transfers, high-risk jurisdiction activity, and PEP involvement. Our system applies risk-based rules, generates automated alerts, creates case files, performs link analysis, and produces SARs ready for FinCEN filing. Machine learning reduces false positives by 75% while catching sophisticated money laundering.

Typical costs include PCI DSS compliance ($50,000-$500,000 annually), AML/KYC programs ($200,000-$2 million), security assessments ($25,000-$100,000), compliance staff ($150,000-$500,000), technology solutions ($100,000-$1 million), and audits ($50,000-$200,000). However, non-compliance costs more: PCI fines ($5,000-$100,000/month), AML penalties ($1-$10+ million), data breaches ($4.45 million average). Regulativ reduces compliance costs by 80% through automation.

PEP (Politically Exposed Person) screening identifies customers holding prominent public positions susceptible to corruption. PEPs include heads of state, government officials, military leaders, and their Relatives and Close Associates. Enhanced Due Diligence is required including source of wealth verification, ongoing monitoring, and senior management approval. Regulativ automates PEP screening with real-time database checking, family identification, risk scoring, automated EDD workflows, and continuous monitoring.

3D Secure (3DS) adds an extra security layer to online card transactions, meeting PSD2 SCA requirements. 3DS 2.0 enables frictionless authentication using risk-based analysis, biometric authentication, one-time passcodes, and rich data exchange. Benefits include reduced fraud, liability shift to card issuer, improved customer experience, and PSD2 compliance. Regulativ ensures 3DS compliance through authentication monitoring, exemption management, and approval rate optimization.

Regulativ achieves payments compliance within 4-8 weeks versus 6-12 months traditionally. Timeline: Week 1-2: System inventory and gap assessment. Week 3-4: Automated control implementation. Week 5-6: Transaction monitoring, KYC workflows, sanctions screening deployment. Week 7-8: Testing, validation, documentation. Implementation covers PCI DSS, PSD2 SCA, AML monitoring, automated KYC, real-time sanctions screening, and continuous compliance monitoring. Most organizations achieve full certification within 8 weeks.

Cardholder data protection requires strong encryption (AES-256) for data at rest and TLS 1.2+ in transit, tokenization replacing PANs, data minimization, truncation/masking, secure deletion, access controls, physical security, and key management. Never store CVV2, full magnetic stripe, or PINs. CDE must be segmented. Regulativ automates protection through encryption management, tokenization integration, access monitoring, data discovery scanning, and continuous PCI DSS validation.

BSA (Bank Secrecy Act) AML compliance requires payment processors to implement anti-money laundering programs including written policies, designated AML Officer, employee training, independent audit, Customer Identification Program, CDD/EDD, transaction monitoring, CTRs for transactions over $10,000, SARs for suspicious activity, and 5-year recordkeeping. MSBs must register with FinCEN. Violations result in penalties up to $250,000 per violation. Regulativ automates BSA/AML compliance through integrated monitoring and automated reporting.