MUNICH, Germany -
- Cooperative Venture With usd.de AG Ensures Compliance With the Highest of Security Standards
- Information to Merchants Available With Immediate Effect at www.wirecardbank.com/pci
From the beginning of October 2009, Acquiring clients of Wirecard AG will have a PCI service portal available to them under the URL www.pci.wirecardbank.com, a portal managed by usd.de and which provides merchants with support concerning the disclosure and documentation processes to be complied with. In addition, competent contact persons will be available to answer questions by phone and e-mail.
The credit card is the most common international method of payment on the Internet and is also becoming increasingly popular with German consumers as an online form of legal tender. This development is also being favored by the increasing spread of prepaid cards (for non-borrowing accounts) and virtual cards.
To prevent theft and misuse of credit card data in online trading, in 2005 the Payment Card Industry Data Security Standard (PCI DSS) was initiated by VISA and MasterCard. Nowadays all credit card organizations of note across the globe require compliance with the PCI DSS by companies or merchants that store, process or transfer credit card data.
For Wirecard Bank AG, PCI DSS is a key component of its security policy, by means of which financial and reputation losses of merchants are to be precluded.
Accordingly, in usd.de AG a competent partner has been enlisted, a partner who guarantees advisory services for everything to do with the PCI DSS security standard along with optimum relationship management services for Wirecard customers and partners.
The company usd.de AG, headquartered in Langen near Frankfurt, is one of the few original German-speaking companies that have been authorized by the PCI Security Standards Council to certify companies throughout Europe in its function as Qualified Security Assessor (QSA) and Approved Scanning Vendor (ASV).
“In usd.de AG we’ve succeeded in finding an outstanding specialist partner who pragmatically supports our security objectives,” says Burkhard Ley, Chief Financial Officer of Wirecard AG, adding: “We’re going to use this cooperative venture to give our customers and partners optimum support in complying with the necessary security requirements.”
Manfred Tubach, Management Board member of usd.de AG, perceives this collaboration as a key step of his company toward further extending the position of his company in the credit card industry: “The Wirecard Bank is a valuable partner to us, who shares our objectives in addressing such issues as security, quality and customer benefits.”
With immediate effect, merchants of the Wirecard Bank will be able to source all the information they need on the subject of certification under the URL www.wirecardbank.com/pci.
About usd.de AG
The company usd.de AG is an SME IT consultancy business focusing on IT security, headquartered in Langen near Frankfurt/Main. Among its clients are European enterprises of note, particularly from the airline and finance industries. Cooperative ventures with leading manufacturers and universities serve to augment the organization’s in-house expertise. Since the beginning of 2006, usd has been accredited as a Qualified Security Assessor (QSA) and Approved Scanning Vendor (ASV) within the credit card industry. In this role, the company certifies enterprises across Europe for conformity with the Payment Card Industry Data Security Standard (PCI DSS) and the Payment Application Data Security Standard (PA DSS) and thus helps promote the level of security in the field of payment transactions.
About Wirecard Bank AG:
Wirecard Bank AG, a subsidiary of Wirecard AG, is a Principal Member of VISA, MasterCard and JCB and provides account and card products both to business and private customers. As an acquirer, the bank operates in more than 69 countries across the globe and provides merchants engaged in brick&mortar and online business with more than 100 transaction and 15 payout currencies. To complement its credit card acceptance (acquiring) services, numerous corporate service solutions are also on offer. Thanks to the combination with currency management or currency accounts, merchants stand to secure significant liquidity benefits. Within the Wirecard Group and with external partners, the Bank develops and operates integrated solutions at the highest technological level with a view to ensuring secure and efficient processing of credit card payments of its customers at all times.
About Wirecard AG:
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, Wirecard supports over 10,000 companies from many and various industry segments in automating their payment processes and minimizing cases of default. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
www.wirecard.com
www.wirecardbank.com
www.mywirecard.com
Wirecard Media Contact: Wirecard AG Iris Stöckl Phone: +49(0)89-4424-0424 e-mail: iris.stoeckl@wirecard.com
Source: Wirecard AG
Wirecard Media Contact: Wirecard AG, Iris Stöckl, Phone: +49(0)89-4424-0424, e-mail: iris.stoeckl at wirecard.com
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