Is the P2PE Standard applicable for merchants that have developed/implemented their own encryption solution?
The P2PE v1.1 standard applies only to third-party P2PE solutions, where all encryption and decryption operations, and all cryptographic keys, are managed by a third party solution provider, and the merchant has no access to clear-text account data or to the P2PE cryptographic keys.
For the P2PE v2 standard and merchant-managed solutions, see Frequently Asked Questions (FAQ) for Validation Processes for Merchant-Managed Solutions on the PCI SSC website.
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