CHICAGO, IL and JOHANNESBURG, SOUTH AFRICA--(Marketwire - May 17, 2010) - PAYM8, a leading mobile commerce and financial collections enablement company, has been validated compliant with the Payment Card Industry Data Security Standard (PCI DSS). PAYM8 has become the third South African company to achieve this standard. Trustwave, a leading provider of information security and compliance solutions, performed the validation.
PCI DSS is the payment card industry security requirement for entities that store, process or transmit cardholder data, and has been endorsed by all the major card brands -- Visa Inc., MasterCard Worldwide, Discover Network, American Express and JCB.
As a leader in mobile commerce payments and financial collections, PAYM8 had to demonstrate compliance by thoroughly reviewing its physical access controls, IT environment and information security policies and procedures. To maintain their compliance, PAYM8 has enrolled in Trustwave's on-demand compliance management solution, TrustKeeper® to access the necessary tools to support on-going compliance such as quarterly network vulnerability scans.
"By leveraging Trustwave's leading scanning technology and consulting services, we were able to secure our network environment while also validating compliance with the PCI DSS," says Morné Smit, Operations Executive at PAYM8. "PAYM8 has a 'minimize risk' approach on everything that we do. We do not compromise on the PCI DSS Requirements."
"Validating compliance with the PCI DSS is a critical first step for PAYM8 to help protect customer information," says Andy Bokor, executive director of EMEA and APAC for Trustwave. "Adding an additional layer of security with managed SIEM will allow PAYM8 to focus on their business while Trustwave manages their log data to further protect their organization."
About PAYM8
PAYM8 is a "Technology Enabling Company" providing Technology and Financial Gateway Services to organizations for their Payments, Collections and Mobile Commerce requirements. Using state of the art technology in Visa and PCI certified environments, PAYM8 offers access to their platforms with corresponding application and product expertise enabling companies to offer M-commerce and Collection solutions branded in their own name. For more information, visit http://www.paym8.co.za
About Trustwave
Trustwave is the leading provider of on-demand and subscription-based information security and payment card industry compliance management solutions to businesses and government entities throughout the world. For organizations faced with today's challenging data security and compliance environment, Trustwave provides a unique approach with comprehensive solutions that include its flagship TrustKeeper® compliance management software and other proprietary security solutions. Trustwave has helped thousands of organizations -- ranging from Fortune 500 businesses and large financial institutions to small and medium-sized retailers -- manage compliance and secure their network infrastructure, data communications and critical information assets. Trustwave is headquartered in Chicago with offices throughout North America, South America, Europe, Africa, Asia and Australia. For more information, visit https://www.trustwave.com
Contact Information:
MEDIA CONTACTS:
Lisa Walker
PAYM8
+1 312 873 7288