TORONTO - Smart Processing Solutions Inc., a provider of electronic financial transaction processing and switching software solution, is pleased to announce that its Smart Processing Suite, a software solution for processing transactions, has been validated by Visa's Payment Application Best Practices.
PABP applies to software vendors that develop payment applications that store, process or transmit cardholder data as part of authorization or settlement. The goal of the PABP is to assist software vendors in creating secure payment applications, minimizing the potential for any security breaches and misuse of cardholder data.
This validation is the result of a rigorous assessment process, which successfully demonstrates Smart Processing Solutions' continual commitment to develop secure and reliable payment applications.
"Successful completion of the Payment Application Best Practices assessment reinforces our commitment to meeting this industry's stringent security requirements," said Mischa Weisz, president and chief executive of Smart Processing Solutions Inc. "Developing secure, effective and proven software for our customers is the foundation of our solution."
