Reward has been officially awarded with the PCI DSS (Payment Card Industry Data Security Standards) version 3.0. Certification.
Online PR News – 17-August-2014 – 12/08/2014 – Reward becomes First Card-Linked Offers Provider to Obtain Level One PCI-DSS 3.0 Certification
Reward has been officially awarded with the PCI DSS (Payment Card Industry Data Security Standards) version 3.0. Certification. This makes Reward the first level one version 3 certified provider of CLO (Card-Linked Offers) in Europe. PCI-DSS is the global industry standard designed to protect cardholder data and to prevent fraud, applicable to all entities involved in payment card processing.
This certification reconfirms Reward’s already robust implementation of the 400 rigorous requirements around twelve key areas grouped under 6 data security principles: 1) protecting cardholder data, 2) building and maintaining a secure network, 3) implementing strong access control measures, 4) maintaining an information security policy, 5) regularly monitoring and testing networks, and 6) maintaining a vulnerability management programme.
Commenting on this announcement, Tracy Gonçalves, Head of Payments and Compliance at Reward, said: "Reward’s accomplishment reinforces its commitment to internationally recognized security standards that enhance the protection of customers' card information. Our recertification of PCI DSS 3.0 compliance is in line with our client-centric approach. For Reward, getting PCI DSS certification is more than checking a box on an annual audit, it reflects our effort to constantly operate with our clients' best interest at heart, and protect and avoid misuse of customer data".
Reward’s PCI-DSS 3.0 compliance was confirmed on 31st July 2014, after an extensive audit conducted by Security Risk Management, and well ahead the 1st January 2015 deadline. Reward is believed to be the first CLO provider in the world to obtain the Level One, version 3 certification; further restating its commitment to data security and compliance in all its processes.
Gavin Dein, CEO of Reward said: ‘Reward’s certification with the PCI DSS 3.0. is a team achievement. It demonstrates the commitment of each and every member of Reward to operate transparently, and with the highest standard of security, putting our stakeholders and their data first. To be certified for 7 consecutive years, and with one of the most demanding data security standards in the world is particularly relevant right now, when we are planning to expand to the European market. As we grow, we not only want to share the passion for our products, but also the rigour we apply to data security, which is of utmost importance in Reward both as an operational principle, and as a guarantee of excellence and reliability in the CLO industry’.
This certification reflects Reward’s data security strategy, and the fundamental role of security and compliance in its operations and infrastructure.