Global Axcess subsidiary EFT Integration achieves Visa CISP compliance
25 February 2004 | 387 views | 0
Global Axcess Corp. (OTC Bulletin Board: GLXS), a company engaged in network-based electronic commerce and transaction processing, today announced that its wholly owned subsidiary, EFT Integration, Inc., has been notified by Visa that it has achieved compliance with Visa's Card Information Security Program (CISP), reflecting the Company's commitment to security by meeting the rigorous requirements of Visa CISP.
CISP defines a standard of due care for securing Visa cardholder data, wherever it is located. CISP compliance has been required of all entities storing, processing, or transmitting Visa cardholder data. Members must comply with CISP and are responsible for ensuring the compliance of their merchants and Agents-whether they support Issuing or Acquiring activity-for all payment channels, including retail (brick-and-mortar), mail/telephone-order, and e-commerce.
CISP was mandated by the Visa U.S.A. Board of Directors in October 1999 and has been supported by ever-expanding Operating Regulations since that time. The CISP requirements help Visa Members, merchants, and service providers protect their information assets and meet the obligations to the Visa payment structure.
George McQuain, Chief Operating Officer of Global Axcess, stated, "There is no question that consumers demand absolute assurance from the businesses they are dealing with that their bankcard account and other personal identifiable information is safe. We are pleased that following an intense audit of our security protocols and system framework, EFTI fully complies with what many consider to be the processing industry's most stringent requirements."