BEIJING, Aug. 3, 2020 /PRNewswire/ -- iQIYI, Inc. (NASDAQ:
IQ) ("iQIYI" or the "Company"), an innovative market-leading online
entertainment service in China, is
pleased to announce that the Company has been certified with
Payment Card Industry Data Security Standard (PCI DSS), becoming
one of the first batch of Chinese video streaming platforms to
receive the certification. Going forward, iQIYI will continue to
improve its online payment security and its capacity for processing
payment data. The Company also plans to provide a greater number of
products and services that meet payment data security requirements
to drive its global expansion.
"Privacy protection and data security are areas that iQIYI
attach great importance to. PCI-DSS certification represents an
important milestone for data security in our overseas operations,"
Said Liu Wenfeng, CTO of iQIYI.
"Going forward, iQIYI will continue strengthening its data security
technology and capabilities in order to provide our overseas users
with the highest quality of service."
PCI DSS includes a set of data security requirements for payment
card that was initially created by five major global credit card
companies, namely, Visa, American Express, Discover Financial
Services, JCB International and MasterCard, and currently
maintained by PCI SSC (Payment Card Industry Security Standards
Council). PCI DSS, one of the most stringent and comprehensive
payment security certification standards in the world, has become a
prerequisite for all companies working with payments providers. The
supported international card brands are MasterCard, Visa, JCB,
American Express, Discover/Diners Club and Union Pay.
In order to obtain PCI DSS certification, a company must undergo
a comprehensive and rigorous review from an independent assessment
organization authorized by the PCI SSC. Once certification is
granted, a company must then comply with relevant security
requirements in its daily operations. iQIYI was able to achieve all
of the required requirements in about two months, receiving the
highest recognition from assessment organization - atsec
Information Security.
In June 2019, iQIYI launched its
international operations in markets including Malaysia, Thailand, Singapore, Philippines, Vietnam, Indonesia and North
America. By receiving this certification, iQIYI is able to
strengthen its payment data security for its users, explore more
payment partnership opportunities and provide overseas users with a
wider selection of payment options.
So far, iQIYI meets international security standards in areas
such as its video streaming services, membership system, account
application system, payment center, R&D, product testing,
operations and so on. Prior to receiving PCI-DSS certification,
iQIYI passed international certification authority DNV GL's
accreditation and received ISO/IEC 27001:2013 ("ISO 27001") and
ISO/IEC 29151:2017 ("ISO 29151") certifications.
About iQIYI, Inc.
iQIYI, Inc. is an innovative market-leading online entertainment
service in China. Its corporate
DNA combines creative talent with technology, fostering an
environment for continuous innovation and the production of
blockbuster content. iQIYI's platform features highly popular
original content, as well as a comprehensive library of other
professionally-produced content, partner-generated content and user
generated content. The Company distinguishes itself in the online
entertainment industry by its leading technology platform powered
by advanced AI, big data analytics and other core proprietary
technologies. iQIYI attracts a massive user base with tremendous
user engagement, and has developed a diversified monetization model
including membership services, online advertising services, content
distribution, live broadcasting, online games, IP licensing, online
literature and e-commerce.
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SOURCE iQIYI, Inc.