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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.
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