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- Frankfurt am Main, London - August 22, 2008 - APAX Global Payment & Technologies AG (APAX) announced today that it is compliant with the Payment Card Industry (PCI) data protection standards and can now provide merchants and cardholders with extra security.
Only a small amount of processors are Payment Card Industry (PCI) compliant to date. Including APAX, Europe has about 110 compliant card processing companies and Banks.
The purpose of PCI Data Security Standard (DSS) is to ensure that all valuable cardholder account data is always secured. PCI is endorsed by VISA Inc., Mastercard Worldwide, JCB International, American Express and Discover Financial Services. The standards include 12 rigorous requirements which must be met by merchants and service providers that store, process or transmit payment card data.
APAX CEO Peter Arnold states, "Nine in ten European firms have failed to achieve compliance with a credit card industry standard for processing e-commerce transactions, 54 per cent have no timetable for getting up to speed. APAX is proud to be part of the PCI compliant small group of Banks and companies in Europe. Under continuing improvements of security standards and a consistently high level of threats in the card processing industry, APAX wanted to show its commitment to providing secure payment solutions. By becoming PCI compliant, we are meeting the highest standards of payment card security. For the strategic development of APAX, we are convinced that it is an absolute necessity to be PCI compliant, as a many other companies not being PCI certified will not be able to continue their business in future."
APAX Media Contact:
APAX PR Office
Kristen Johnson
One Canada Square, Canary Wharf
London, E14 5DY, United Kingdom
Phone: +44 207 612 4991
Fax: +44 207 927 3375
Email:
kristen.johnson@e-apax.com
Internet:
www.e-apax.comAbout APAX Global Payment & Technology
APAX Global Payment & Technologies AG is one of the leading international providers of electronic payment and risk management solutions. APAX is dedicated to serving cardholders and their merchants by facilitating payment anywhere and anytime. Worldwide, we support processing for more than 100,000 cardholders and their merchants from various industries a day. APAX provides accounts and credit card services both for business and private customers. For further information, please contact
www.e-apax.com# # #
Press Release Keywords:- pci, payment, credit card, processing, banking, financial, internet, security, fraud, compliant, dss, payment card industry, standard, apax, peter arnold, apax global payment and technologies, services, credit card processing, merchant, online merchant, e-commerce, secure payment, high standards, e-apax.com
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