First Ukrainian Software Product Certified by VISA
[author:TechnoPark Corp. Public time:Nov 17, 2006] |
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TechnoPark Corp. is the first Ukrainian IT company to get the certificate of compliance against PCI DSS. The certified software is mobile payment system MPPS. It was developed by TechnoPark for the Maltese MPPS Solutions Ltd.
PCI Data Security Standards were produced in late 90s by VISA, MasterCard and all other leading credit card companies. Payment Card Industry Data Security Standard is the unified world standard for handling and keeping cardholder data aiming to stamp out debit and credit card fraud, by introducing strict security standards.
The importance of introduction of this list of requirements is obvious because of the ever-growing number of thefts and illegal accesses to confidential data of cardholders. In fact, PCI DSS is a list of requirements for handling and keeping personal information of payment system’s clients. Without a doubt, the standard can never fight off the problem back and edge, but the results prove that it really works: according to statistics, no PCI DSS compliant system has been compromised yet.
Unfortunately, only 20% of all payment systems in the world have been certified by now. Among them, there is only one mobile payment processor; with its certification, MPPS has become the second PCI DSS compliant mobile payment system in the world.
MPPS is mobile payment processing system enabling its users to pay for goods and services using only their mobile phones. Like other mobile payment systems, MPPS needs to gather and store its customers’ information which includes personal and confidential data. It makes such systems to focus on protection and security of the gathered information. Data security is even more important task in the light of vigorous growth of this young but very prospective industry. High profits make mobile payment industry an attractive target for fraudsters’ attacks.
The PCI Data Security Standards are not an obligatory condition of payment systems operation. Nevertheless, VISA strongly encourages all online payment service providers to go through the certification. PCI DSS requirements cover mostly the piece of software, which operates the system, as this is the crucial factor providing the service’s reliability. Thus, software developer is responsible for PCI DSS compliance.
Software for MPPS was developed by the Ukrainian TechnoPark Corp. The company, together with MPPS Solutions Ltd.’s Management, passed through the certification procedures.
MPPS applied for the certification in August 2006. In September, the first stage of the certification was held – so called Onsite Audit. Onsite Audit is the audit held in the company’s office. MPPS software as well as documentation were checked and examined by representatives of the British One
Otherinfo:568, 9th Street, South Suite 202
Naples, Florida 34102
United States of America
tel (239) 243 0206
fax (239) 236 0738
salesdept@technoparkcorp.com
Printed From:http://www.free-press-release.com/news/200611/1163770262.html
Source:Free Press Release
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