BlackLine gains PCI DSS validation for payment card reconciliation

BlackLine, Inc. (Nasdaq: BL) announced it has achieved Payment Card Industry Data Security Standard (PCI DSS) compliance validation for its PCI Detokenization Service, according to a company statement.

The validation allows organizations to use BlackLine's transaction matching and reconciliation tools on workflows involving sensitive payment card data. The service enables authorized users to access payment card information needed for matching while cardholder data remains within the customer's environment.

The company said the validation addresses a challenge faced by organizations processing large volumes of card transactions, where security requirements can limit data availability for automated matching, increasing manual work when transactions go unmatched.

"Our customers are asking BlackLine to go deeper into some of their most complex operational workflows, and greater automation cannot come at the expense of security or control," said Owen Ryan, CEO and Chairman of BlackLine.

Jill Knesek, Chief Information Security Officer at BlackLine, said the validation provides customers with independent assurance: "This validation gives customers independent assurance that BlackLine has cleared that bar, allowing them to extend automation into sensitive financial processes with confidence."

BlackLine identified banking, financial services, retail, travel, hospitality, and leisure as industries where the validation broadens the applicability of its automation capabilities.

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