Postilion, a leading global provider of integrated solutions for self-service banking and payment processing and a division of S1 Corporation (Nasdaq: SONE), today announced Visa Payment Application Best Practices (PABP) validation of Postilion applications used by banks and credit unions.
This validation - by Visa USA and Visa Europe - indicates that the Postilion solutions for ATM Driving and Merchant Acquiring handle cardholder data in a secure manner. It follows the July 2006 validation of Postilion applications for retailers, when Postilion was the first payment switch to achieve PABP validation in Europe.
Visa PABP defines application best practices that are considered to be the industry standard for the data security of payment applications. Visa designed this program to assist software vendors in developing secure payment applications that minimize security breaches and compromised card details. Using these secure Postilion solutions will help banks and credit unions comply with payment industry standards such as the Payment Card Industry Data Security Standard (PCI DSS). Visa Europe and Visa USA list applications that have received this validation on their web sites.
Dean Jordaan, Postilion's Senior Vice President of Global Product Strategy, says, "We are very pleased to have received Visa PABP validation of our solutions for financial institutions in addition to those for retailers. This validation confirms our ongoing commitment to ensuring the secrecy and integrity of cardholder data."
Postilion was guided through the Visa validation process by AmbironTrustWave Ltd, an independent, Visa-qualified security assessor. "The continued participation of Postilion in this crucial program shows the company's proactive approach to developing software solutions that safeguard consumer data. In addition, this most recent validation indicates to financial institutions that using Postilion solutions can help streamline their PCI DSS compliance," says Brooks Wallace, Managing Director of AmbironTrustWave.