SOURCE: Regulus

October 11, 2006 08:00 ET

Regulus Completes SAS 70 Type II Certification

Leading Independent Bill Presentment and Payment Processing Solutions Provider Voluntarily Meets Stringent Requirements

NAPA, CA -- (MARKET WIRE) -- October 11, 2006 -- Regulus, the nation's largest independent provider of paper and electronic-based bill presentment and processing solutions, announced today the successful completion of a SAS 70 Type II audit. The rigorous third-party testing confirms the reliability and security of the Regulus operating environment for document and remittance processing, and that control standards are in place as required by the Sarbanes-Oxley Act.

"The SAS 70 Type II audit is an internationally recognized review of processes and procedures surrounding IT, personnel and financial processes within a service organization," explained Christian Philips, Regulus Security Officer. "We know that our customers' reputations depend on the security of their data and we will provide superior controls and safeguards to protect it through voluntary compliance of an annual SAS 70 Type II audit." According to Philips, Regulus is the only invoice/statement processing operation to conduct annual SAS 70 audits.

The Sarbanes-Oxley Act introduced major changes to the regulation of corporate governance and financial practice. Section 404 requires publicly traded companies to publish information in their annual reports concerning the scope and adequacy of the internal control structure and procedures for financial reporting, including their effectiveness. Service organizations such as Regulus are viewed as extensions of the companies they serve as interpreted under Sarbanes-Oxley, and therefore must meet thorough internal control standards.

"Regulus and our customers share an increased awareness and emphasis on security," said Kathy Hamburger, President and COO of Regulus. "Our ability to provide SAS 70 Type II certification of our document and remittance processing operations confirms we are partners committed to protecting our customers' vital information assets while advancing the business of customer transactions."

Regulus constantly conducts evaluations and enhancements based on advancements in technology and changes in the threat environment. In fact, the company is currently in the midst of obtaining ISO 17799 certification, a rigorous and detailed standard for information security.

"Regulus sets the standard in the industry with our willingness to devote the time and resources necessary to obtain this certification," Philips added. "We know this investment is critical to maintain our customers' confidence in our security procedures and facilitate their audit processes."


Founded in 1995, Regulus is the largest independent payment processor in the United States, servicing nearly two billion paper and electronic transactions every year for Fortune 500 customers. Regulus delivers an end-to-end solution, starting from release of the customer's billing file for invoicing, through the posting of the associated paper or electronic payment, to support of customer care and collections. By leveraging data from the total payment cycle, Regulus is able to offer value-added services that provide measurable process efficiencies. The company is headquartered in Napa, California, and has offices nationwide. For more information, visit the company's web site at

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