Contact Information: MEDIA CONTACTS: Caryn Bessarabia iVeri Payment Technologies +27 11 269 4000 Michelle Genser Trustwave +1 312 873 7288
iVeri Payment Technologies Achieves PCI DSS Compliance
| Source: Trustwave
CHICAGO, IL and SANDTON, SOUTH AFRICA--(Marketwire - May 20, 2009) - iVeri Payment
Technologies (iVeri), one of Africa's leading providers of payment gateway
and mobile banking systems, announced today that it has validated
compliance with the Payment Card Industry Data Security Standard (PCI DSS).
Trustwave, the leading provider of on-demand data security and payment card
industry compliance management solutions to businesses and organizations
throughout the world, performed the PCI DSS compliance validation.
PCI DSS is the payment card industry security requirement for entities that
process, transmit and/or store cardholder data, and has been endorsed by
all the major card brands -- Visa Inc., MasterCard Worldwide, Discover
Network, American Express and JCB.
"This new status demonstrates iVeri's commitment to enhancing the services
we provide for our customers and our commitment to payment card data
protection and security," says Barry Coetzee, CEO, iVeri. "iVeri is a
leader in its field and this achievement adds strength to our vision of
becoming the most trusted and respected provider of payment acceptance and
mobile banking solutions."
Being among the first African companies to achieve this status proves
iVeri's commitment to international compliance standards.
The process of compliance has taken a year to complete with a dedicated
team at iVeri working through all the steps required to achieve the final
requirements. To validate compliance with the PCI DSS, iVeri had to
demonstrate compliance with 12 security requirements by thoroughly
reviewing its IT environment and information security policies and
procedures. To maintain their compliance, iVeri has enrolled in Trustwave's
on-demand compliance management solution, TrustKeeper® to have the
necessary tools to support on-going compliance such as quarterly network
vulnerability scans.
"It has taken a significant investment and a huge amount of effort from
everyone at iVeri to ensure we achieved each part of the required process.
Changing the processes and the way people work has been the most
challenging aspect of the project, but now we're a more secure organization
channelling that benefit to our customers," explained Roland Elferink,
development director at iVeri.
"In working with iVeri, we've seen that the team understands the importance
of making PCI DSS compliance a part of everyday business operations," says
Robert J. McCullen, chairman and CEO of Trustwave. "It's clear they place
the utmost priority on protecting their customer's payment card information
and understand it is ongoing vigilance beyond compliance validation that
will help keep their organization secure."
About iVeri
iVeri creates technology for banks and businesses to facilitate
multiple-channel transaction acceptance. iVeri's goal is to help our
customers create a profitable and sustainable business by enabling them to
implement the right transactional channels for their market environment.
iVeri have been developing and deploying electronic payment technology
since 1998. Today, iVeri processes millions of transactions and has
customers in several countries. iVeri is a proven provider of
best-of-breed multiple channel transaction technology.
iVeri's specialist knowledge of transacting in Developing Economies has
resulted in the design of innovative and cost effective solutions aimed at
providing world-class services to under-served areas.
About Trustwave
Trustwave is the leading provider of on-demand and subscription-based
information security and payment card industry compliance management
solutions to businesses and government entities throughout the world. For
organizations faced with today's challenging data security and compliance
environment, Trustwave provides a unique approach with comprehensive
solutions that include its flagship TrustKeeper® compliance management
software and other proprietary security solutions. Trustwave has helped
thousands of organizations -- ranging from Fortune 500 businesses and large
financial institutions to small and medium-sized retailers -- manage
compliance and secure their network infrastructure, data communications and
critical information assets. Trustwave is headquartered in Chicago with
offices throughout North America, South America, Europe, Africa, China and
Australia. For more information, visit https://www.trustwave.com/.