VocaLink, the international payments specialist, has chosen Verizon Business to help ensure that the company?s services continue to comply with international payment card industry data-security standards.
Verizon Business professional consultants are providing a range of audit, management and implementation services to help VocaLink achieve and maintain Payment Card Industry Data Security Standard (PCI-DSS) certification.
VocaLink has been designing and delivering intelligent automated payments systems for more than 40 years. The company?s Card Services business has proven experience in partnering with banks, independent ATM operators and communities to create opportunities within the card payment value chain. VocaLink processes over 3.2 billion card-initiated payments every year.
David Conkleton, VocaLink Card Services? managing director, said: ?VocaLink?s ability to securely and effectively manage huge amounts of confidential data every day is key to maintaining the company?s reputation for first class customer service. PCI-DSS compliance means that our customers can be assured of the security of our services ? and therefore the security of their own transactions. The Verizon Business team?s strong expertise and experience in both the security and financial markets has helped us achieve this latest certification extremely quickly. Compliance is a key ongoing focus for our business, and in Verizon Business, we have found a partner we believe will help us achieve our ongoing compliance goals.?
The inaugural ?Verizon Payment Card Industry Compliance Report,? issued in October 2010, examined the state of compliance with the Payment Card Industry Data Security Standard (PCI DSS), which was created in 2006 to protect cardholder data and reduce credit card fraud. Company investigators found that organisations that have suffered a breach are 50 percent less likely to be PCI compliant and that only 22 percent of organizations were PCI compliant at the time of their initial examination. However, the report also showed that compliance can dramatically reduce credit card data breaches. A complete copy of the Verizon Payment Card Industry Compliance Report is available at www.verizonbusiness.com/go/pcireport.
Verizon is a global leader in driving better business outcomes for mid-sized and large enterprises and government agencies. The company combines integrated communications and IT solutions, professional services expertise and its high-IQ global IP and mobility networks to enable businesses to securely access information, share content and communicate. Verizon is transforming itself around a cloud-based ?everything-as-a-service? delivery model that will put the power of enterprise-class solutions within the reach of every business, where and when they?re needed.
