Magazines Archives - 2008 May

VISA INTERNATIONAL has compiled a new list of payment-service providers in the Asia-Pacific that comply with the Payment Card Industry Data Security Standards (PCI DSS).

The 84 payment-service providers on the list are those that banks and merchants can work with across the Asia-Pacific at industry standards believed to be the highest for the protection of
sensitive cardholder and transaction data.

Visa updates its list twice a year based on notice from client banks responsible for ensuring the compliance of its payment-service providers. These service providers undergo annual vendor
self-assessments, quarterly scans and regular audits by qualified security assessors to be certified.

Said Peter Maher, Visa International’s executive vice-president and general manager for risk management, Asia-Pacific: “Our latest list has 53 more payment-service providers, compared
with last year’s. As PCI DSS has become the global de facto security standard for all payment-service providers, those which do not validate their compliance annually will become the exception.

“The list functions as a guide for the industry. As more merchants become aware of industry standards for the protection of cardholder account and transaction data, vendors that are not compliant with industry standards are very likely to see merchants and banks taking
their business to other compliant service providers,” said Maher.