Croatian company Monri Payments first in the region to receive the highest security certificate in card payments

The company Monri has received PCI P2PE certificate, the highest security standard in card payments in stores. This certificate pertains to point-to-point encryption in card payments via POS terminals and guarantees an impenetrable level of security for transactions conducted against potential hacking or data theft. Monri has thus become the first company in this part of Europe to boast this certificate.

As a provider of card transaction processing services, Monri places a strong emphasis on security and has therefore embarked on the demanding certification process under the PCI P2PE standard. With an increasing number of transactions, the risk of compromise also rises, and this level of protection is primarily aimed at large retail chains that face greater regulatory and security requirements. By enhancing the level of security for their customers, merchants will reduce the scope of their regulatory obligations by implementing Monri’s P2PE solution. Some estimates suggest a reduction of up to 70 percent in regular security processes and procedures required by banks and card companies.

– Our merchants are accustomed to the high standards of service and protection we provide, and the new certificate allows us to take another step up. We are now among just a hundred companies worldwide that can offer the highest level of encryption for card data to our partners. Monri’s solution has been confirmed to the highest global standard, which opens up the possibility for any merchant in the world to introduce a Croatian product into their business – said Damir Čaušević, CEO of Monri Payments.

Merchants accepting card payments by implementing Monri’s P2PE solution provide customers with the highest possible protection even during the busiest times of the year, such as the upcoming holidays. Payments on POS terminals that have the new level of protection prevent card data from being present in readable text within the merchant’s system or network, where it is exposed to risks in the event of a data breach, explains the Director of Technology at Monri Azem Husrep.

– We invested over a year and more than 240,000 euros in the development of the PCI P2PE certification project. Such a demanding project would not have been possible without the talented internal staff, of whom I am particularly proud. Our employees have made significant efforts in preparing the project and software development, as well as in the extremely demanding certification procedure – added Robert Penezić, Director of Monri for Croatia.

Monri Payments, with its card payment solutions on POS terminals in stores and on web shops, protects every fifth transaction in Croatia. In addition to processing card payments, the company is also involved in the production of software for fiscal cash registers and business solutions aimed at hospitality and retail, operating in the markets of Croatia, Bosnia and Herzegovina, Serbia, Montenegro, North Macedonia, Romania, as well as in several countries outside the region. By implementing the new security standard, they are opening up space for further expansion into the global market.