TimesofMoney receives the PCI DSS Certification

PRLog (Press Release) - Jul 21, 2009 -
TimesofMoney, a leading online remittance and payment service provider has successfully completed the assessment procedure to validate its compliance with Payment Card Industry Data Security Standard (PCI DSS) 1.2, which is a leading security standard for payment card processing. The certification was achieved after an extensive independent audit of TimesofMoney’s operations and processes conducted by SISA Information Security Pvt. Ltd, a qualified security assessor from PCI Security Standards Council. The PCI certification is a worldwide information security standard assembled by the Payment Card Industry Security Standards Council (PCI SSC) for preventing card fraud through increased controls around data and its exposure to compromise.

According to Mr. Avijit Nanda, President, TimesofMoney, “The PCI DSS certification is an important milestone for establishing TimesofMoney as a safe and secure payment processor. In the process, we have considerably raised the data security of our client’s customers and our payment business to a new level. This certification further strengthens our commitment to protect our clients and their customers’ sensitive data”.

TimesofMoney’s strategy is to consistently raise the quality of its services and provide a broad spectrum of modern products and services based on payment cards including e-commerce and remittance services. With its responsible approach to the data security, and now through this certification TimesofMoney has ensured that it has good policies, procedures and sound technology framework to safeguard its client’s interests.


About PCI DSS Certification

PCI DSS requirements apply to all entities that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity. The standard is a list of 12 requirements which involve both processing solution security and physical security of the data through different measures: from cardholder data encrypting to network monitoring and limitation of user access to the private information. Such a multilateral approach becomes the only efficient means of preventing fraudulent operations in the payments industry. Today the adherence to PCI DSS is mandatory for banks, processing centers, financial organizations and merchants working with payment brands. For more visit - https://www.pcisecuritystandards.org

For further details, please contact:
Ms. Smita Challu
Manager, Brand & Corporate Communication
TimesofMoney
smitac@timesofmoney.com
Tel: + 91-22-3098 8490