Vancouver – Verrus Mobile Technologies Inc, a global leader in the mobile payment industry, is pleased to announce it has achieved compliance validation as a Level 1 service provider with the Payment Card Industry Data Security Standard (PCI DSS) – the industry’s highest level of payment account data security certification.
Endorsed by all the major card brands – Visa Inc., MasterCard Worldwide, Discover Financial Services, American Express and JCB — the PCI DSS mandates rigorous requirements for protecting cardholder data and requires any organization that stores, processes or transmits cardholder data to operate in a compliant fashion. Additionally, any organization that stores, processes or transmits more than 300,000 transactions per year is defined as a Level 1 service provider and is required to complete an annual on-site PCI Data Security Assessment, performed by a Qualified Security Assessor and network scans conducted by an Approved Scanning Vendor.
“Given that our solutions process tens of millions of mobile payments each year, PCI DSS Level I compliance validation is a significant milestone, and validates our commitment to sound security practices.” said Verrus Co-Founder and CIO Darren Stone.
To validate compliance, Verrus engaged Trustwave, a leading provider of on-demand data security and payment card industry compliance validation solutions to businesses and organizations worldwide. The certification involved a complete review of the Verrus network infrastructure, payment transmission and processing systems, security management procedures and information storage practices.
“Security is critical to any organization handling sensitive payment card data,” says Robert J. McCullen, chairman and CEO of Trustwave. “Trustwave’s full suite of compliance validation solutions will help Verrus increase their security posture and maintain continual point-in-time compliance with the PCI DSS.”
Vancouver-based Verrus Mobile Technologies, Inc. is a pioneer in mobile payments. Verrus delivers frictionless solutions that allow consumers and merchants to enjoy the convenience and power of mobile payment. With millions of subscribers, vertical services for parking, taxis and events and operations in over 100 cities and towns throughout North America, Europe and Australia, Verrus brings real world mobile payment to more consumers than any other organization worldwide.