How to Prepare for PCI PCIP3.0 Exam
Preparation Guide for PCI PCIP3.0 Exam
Introduction
The Payment Card Industry (PCI) applies to credit, debit, prepaid, e-purse, ATM, and POS cards and related firms. The Payment Card Industry consists of all the companies that store, process and transmits cardholder's data, particularly for the credit cards and debit cards. The Payment Card Industry Security Standards Council develops the Payment Card Industry Security Standards that are used all over the industry. Individual card brands develop regulatory standards that are used by service providers and provide their regulatory systems. China UnionPay, American Express, MasterCard, Japan Credit Bureau, Visa and Discover Financial Services are some major card brands in the world. Members banks connect and allow transactions from the card brands and thus are used by many organizations. However, few card brands do not use member banks for instance American Express, instead of using member banks they operate as their banks.
The objective of the Payment Card Industry Security Standards Council (PCI SSC) is to improve the security of the global payment account data by developing standards and supporting services that drive education, awareness, and effective stakeholder implementation. The Payment Card Industry Data Security Standard is an information security standard for the companies that control cards from different brands. The Payment Card Industry Security Standards Council administers the Payment Card Industry Standards and is mandated by the card brands. To decrease credit card fraud the Payment Card Industry Standards were created to increase regulations around cardholder's data.
Who should take the PCI PCIP3.0 Exam
The PCIP certification is intended for professionals in the IT, network security, finance, or e-commerce role focused in the payments industry value chain as well as those in product creation, marketing or sales position who are involved in the development and sale of payment-oriented products. Usual work titles include is IT Manager, IT Security Manager, Compliance Manager, Governance and Risk Manager, Financial Crime and Fraud Manager, E-Commerce Manager, Product Manager and Independent Consultant. However, jobs are limited to only mentioned vacancies.
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PCI PCIP3.0 Certification Path
The Payment Card Industry Professional Certification will help you understand the Payment Card Industry Standards used in the world to increase the regulations around the cardholders data and decrease the credit card fraud.
PCIP certification applicants must be familiar with background details about the PCI Requirements and supporting documentation by reviewing the content on the website of the PCI SSC. Candidates should have a strong level of knowledge of PCI Standards and PCI DSS. Therefore it is highly recommended to pay special attention to PCI DSS and Security evaluation procedures before taking the PCI PCIP3.0 exam.
To get the PCI PCIP3.0 certification, candidates have to apply first and submit an online application and pay the Exam fees. Candidates should have a basic level of understanding and comprehension of network security, IT, network architecture and payment industry participants. Candidates have to send their resume showing at least 2 years of experience in an IT or related position. PCI SSC holds the right to refuse any applicant if the PCI SSC finds that the applicant does not meet the PCIP Program requirements or has engaged in any misconduct that would have caused PCI SSC to suspend the PCIP status within two years before the date of the application.
A Code of Professional Responsibility has been embraced by PCI SSC to make sure that the highest standards of ethical and professional conduct are followed. Candidates have to agree to adhere and support the Code.
Once your application is approved, candidates have to attend the PCIP course, either a self-paced online course or one-day instructor-led training class delivered by PCI trainer. Is highly recommended for those who are new to the PCI DSS that they should attend the instructor-led training. Participants are highly encouraged to prapare from the PCIP3.0 practice exams. After completing the training course, candidates are required to take the PCIP Exam through a local PearsonVue Testing Center. The test must be scheduled within the 30 days of the candidate being given the information about how to schedule the exam and must be completed in one sitting. Candidates will get the results as soon as they complete their exam. Those candidates who couldn't pass the exam can retake the exam by paying retake fee within 1 year. In case of failure on second attempt or applying for retake after 1-year candidates will have to pay the complete fee of the course as well. Those candidates who met all the eligibility and exam requirements will get active PCIP status and a unique number by PCI SSC. Each PCIP will be awarded an electronic certificate.
How much PCI PCIP3.0 Exam Cost
The price of the PCIP Training course and ability to take the exam once is $2500 USD for non-participating organization and $1550 USD for participating organizations. Whereas the price of the only Exam is $1550 USD for non-participating organization and $900 USD for participating organizations. PCIP3.0 practice exams are free of cost. For more information related to the PCI PCIP3.0 Exam please visit PCI Website.