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Vivonet Achieves VISA CISP Certification for Level 1 Service Providers
   
 

Vancouver, B.C., Canada — April 10, 2007

Vivonet Inc., leader of on-demand enterprise management, point-of-sale (POS), payment processing and performance benchmarking solutions is pleased to announce its compliance with the Payment Card Industry (PCI) Data Security Standard and its achievement of the Visa Cardholder Information Security Program (CISP) certification for Level 1 Service Providers, the highest security level certification in the payment industry.

In response to growing security concerns, Visa USA instituted the CISP requirements to ensure that members, merchants and service providers were providing the highest level of security. In 2004, the CISP requirements were integrated into the PCI Data Security Standards as part of a cooperative initiative within the payment industry.

Separate and distinct from the PCI Data Security Standard is the validation of compliance whereby companies verify and demonstrate their compliance status to earn certification.

Visa has developed compliance criteria based on the volume of transactions, the potential risk, and exposure introduced into the payment system by merchants and service providers. The CISP certification was awarded to Vivonet as a Level 1 Service Provider that provides payment gateway services to merchants. To maintain this level, Vivonet must continue to undergo regular audits to prove adherence to the CISP standards. For a list of certified service providers and the compliance criteria please visit the Visa website.

“Through our PCI compliance and CISP certification Vivonet makes security the highest priority. Vivonet is committed to protecting our clients from financial risk and loss of consumer confidence in addition to ensuring the safety of their customers’ data,” states Kevin Falk, CTO of Vivonet. “Our unique payment gateway functionality means that Vivonet is the only point-of-sale Level 1 Service Provider in our industry. We are proud to lead the way.”

 

About Vivonet:

Established in 1999, Vivonet is an on-demand solutions provider that enables, acquires and organizes millions of transactions every month for customers in the hospitality and retail sectors across Canada and the United States. Vivonet provides an on-demand enterprise management, POS, payment processing and performance benchmarking solutions for its customers. Vivonet’s unique ability to aggregate the transaction data created by its customers allows their customers to benchmark their performance against other users and the industry at large – leading to better performance and higher business success rates. Vivonet’s data and transaction processing platform is certified to the CISP Service Provider Level 1 security compliance standard.