DataX Ltd. achieves PCI compliance validation
Tuesday, 23 September 2008 00:00
DataX Ltd., the industry-leading real-time subprime credit reporting agency and data verification provider,has achieved compliance with Payment Card Industry Data Security Standards, or PCI DSS, the company announced today. PCI DSS is worldwide information security standard safeguarding consumer
DataX Ltd., the industry-leading real-time subprime credit reporting agency and data verification provider,has achieved compliance with Payment Card Industry Data Security Standards, or PCI DSS, the company announced today. PCI DSS is worldwide information security standard safeguarding consumer
Founded by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa, Inc., the PCI Security Standards Council administers its DSS standard as an open global forum for ongoing development, enhancement, storage, dissemination and implementation of security standards for payment card data protection.
A PCI-approved quality security assessor evaluated DataX operations, and compliance was validated in the third quarter of 2009.
PCI DSS consists of several comprehensive requirements that include:
* Building and maintaining a strong network.
* Protecting cardholder data.
* Maintaining a vulnerability management program.
* Implementing strong access control measures.
* Regularly monitoring and testing networks.
* Maintaining an information security policy.
DataX Ltd. achieves PCI compliance — Page 2
"Consumers expect financial institutions to protect their data. Likewise, financial institutions expect their service providers to protect data through the employment of strong data security controls," Adrienne Cass, DataX compliance officer, said. "DataX understands these expectations and is committed to maintaining a secure environment. Achieving compliance with PCI DSS was a high priority for the company. We know the confidence of consumers and our partners is paramount to maintaining a strong business."
About DataX Ltd.
DataX Ltd., a Selling Source LLC company, provides real-time credit reporting, consumer data verification and analytic services to the business and financial services industry and operates a comprehensive consumer credit reporting agency. Only DataX's CRA has transaction-based payment detail, a unique feature allowing lenders to see each consumer's daily funding and detailed payment activities in real-time to reduce defaults by predicting loan performance.
About Selling Source LLC
Selling Source LLC, named No. 68 on the 2008 Inc. 500 list, up from No. 109 in 2007, offers specialty finance lenders an end-to-end solution to acquire, fund, underwrite and retain customers while increasing their overall lifetime value. Selling Source alone provides online lenders a single-source platform throughout the micro-loan life-cycle with turn-key consumer acquisition-and-communication services as well as lender, data, payment-processing and infrastructure solutions, including co-location hosting services. London Bay Capital, a private equity firm based in San Francisco, acquired a controlling interest in Selling Source in December 2007. For more information, please visit http://www.sellingsource.com/.
Contact: Tracy Thomas
DataX Ltd.
Phone: 702-407-0707
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.dataxltd.com