Payovation Achieves PCI DSS Certification in First Audit

PR Log (Press Release) – Oct 01, 2009 – On the eve of the exciting launch of a proprietary new processing platform, Payovation have announced its new platform and systems have been independently certified as Payment Card Industry Data Security Standard (PCI DSS) compliant. This is a standard of security which has been set up by the founding members of the PCI Security Standards Council, which include the largest international card marks such as MasterCard Worldwide and Visa, Inc. The aim of the standard is to ensure processors such as Payovation, and indeed any company that either processes or stores credit card information, manage all card data with a complete and multifaceted level of security management, policies and procedures.

Michael Hui, the Chief Executive Officer of Payovation, today stated, “Payovation is highly committed to the security and reliability of our processing services, with a dedicated and experienced team that have been striving to not only meet, but exceed the standards set by PCI. With the high volume of transactions that our new platform will be handling, it has been of paramount importance that we reached the highest level of PCI compliance.” Hui pointed out that Payovation’s platform has been developed to meet the needs of merchants of all size, including large international merchants that will be processing many millions of transactions per month.

By complying with PCI DSS on their very first audit, Payovation have reached an important milestone in proving their commitment to ensuring a totally secure payment service for merchants and their customers. With a high acceptance level for merchants across multiple risk categories, the new Payovation platform about to be released has been built with market leading security and sophisticated fraud monitoring systems.

About Payovation Pty Ltd

Payovation is a leading provider of online payment solutions and internet merchant accounts for card-not-present merchants. Payovation’s proprietary payment gateway is available to almost all merchants, regardless of location, processing volume or the goods and services sold. The company specializes in providing processing solutions to companies classified as ‘high risk’, that have had difficulty in gaining approval with domestic banks. The company mitigates risk through a number of innovative fraud and real time monitoring systems.

Merchants worldwide choose to partner with Payovation, for their ability to provide reliable and robust processing services with layered acquiring redundancy. A Payovation merchant account can in effect by connected to multiple banks worldwide, giving extra peace of mind. The company is headquartered in Australia, with offices opening in the United States.