20 February 2018
visit www.nextgenbanking.co.uk/

Metavante receives Visa best practise certification

15 May 2008  |  2449 views  |  0 Source: Metavante Technologies

Metavante Technologies today announced that it has been granted Payment Application Best Practice (PABP) certification from Visa Europe for both card issuing and transaction acquiring.

Metavante Technologies Ltd., a leading provider of prepaid and debit card processing and licensed software in Europe, is part of Metavante (NYSE:MV), a U.S.-based provider of banking and payments technology.

Metavante Technologies Ltd. is the first payments software vendor to receive PABP certification for card issuing software from Visa Europe. This certification signifies that Metavante Technologies meets industry standards for cardholder data security, providing its clients with the platform necessary to adhere to the Payment Card Industry Data Security Standard (PCI DSS), which seeks to better protect consumer payment account data.

"PABP certified payment software should facilitate and sustain PCI DSS compliance for financial institutions and retailers because the standards are essentially more rigorous," said John Yeomans, president, Metavante Technologies Ltd. "With Metavante Technologies becoming the first European software vendor to obtain PABP certification for card issuing, it should provide peace of mind to our clients seeking to become PCI DSS compliant. It demonstrates that through our CORTEX platform, we are providing clients with the necessary technology and a path to PCI DSS certification."

Ambersail Ltd., a Qualified Security Assessor for Payment Card Industry (PCI) compliance, conducted the audit of Metavante Technologies Ltd.'s CORTEX card processing software platform. The regulations enforced by Visa Europe to become PABP certified are derived from PCI DSS compliance regulations. The PCI DSS is a comprehensive payments industry security standard meant to help organizations protect customer account information.

"We've been very impressed with the effort committed by Metavante in order to address the stringent requirements for PABP compliance," said Simon Chapman, technical director, PCI auditor, Ambersail Ltd. "We're delighted to have been able to assist in the successful validation of the CORTEX platform."

Metavante Technologies' CORTEX platform is a highly scalable, comprehensive card payment software solution for the banking industry, processing prepaid, debit and credit card-based transactions at every level of an electronic funds transfer network.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11944 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9709 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9459 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8220 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7475 views comments | 19 tweets | 18 linkedin

Featured job

Find your next job