RBS Gets OK on PCI, But is it Back in Visa's Good Graces?

Posted by John B. Frank Friday, May 15, 2009

Source: Digitaltransactions
Complete item: http://www.digitaltransactions.net/newsstory.cfm?newsid=2209

Description:
RBS WorldPay Inc., the other big merchant acquirer besides Heartland Payment Systems Inc. to report a major data breach in recent months, this week announced that it has attained validated compliance with the Payment Card Industry data-security standard, or PCI.

But Atlanta-based RBS WorldPay didn't say anything in its news release about if or when it would reappear on Visa Inc.'s widely watched list of PCI-compliant processors. The company is not on the current list posted on Visa's risk-management site for merchants. Typically, an acquirer sends its annual report of validated PCI compliance to Visa for review. An RBS spokesperson did not return a call and e-mail from Digital Transactions News, and Visa spokesperson had no comment.

After their breaches, Visa declared RBS and Heartland out of compliance with PCI and removed them from its list of validated processors. The network, however, allowed them to continue submitting Visa card transactions into the VisaNet network (Digital Transactions News, March 14). Heartland attained validated compliance April 30 and recently regained listing.

E-Secure-IT
https://www.e-secure-it.com

0 comments

Post a Comment

Learn More About Us

Find out how our patented technology can empower your financial institution.

Our secure two-factor online banking authentication eliminates dangerous passwords and usernames and replicates the same trusted process used to access cash at ATM's. (Insert Bank Issued Card, Enter Bank Issued PIN)

There is an R.O.I. as FI's also earn recurring revenue from each transaction conducted using our PCI 2.0 Certified PIN Entry Device. Our technology also provides a unique real-time P2P "Instant-Transfer" which allows your online banking customer to transfer cash from ANY of their bankcards to ANY other bankcard...with the Swipe of a card.

Help your bank eliminate phishing and your customers avoid identity theft by providing them with the ability to stop typing and start swiping. There is no safer way to conduct financial transactions online than by 3DES DUKPT encrypting the cardholder details, which we do at the mag-head "inside the box/outside the browser."

All Top Banking