LAS VEGAS - IP Commerce Inc., a software company enabling open commerce services between businesses, and BIG Software Inc., a software company that provides back-office solutions to small businesses, has announced BIG's completion of the PABP Rapid Compliance program. This program, led jointly by IP Commerce and Coalfire Systems, provides software developers with an efficient and more cost-effective way to gain Payment Application Best Practices (PABP) validation. PABP is a set of Visa recommendations that help software companies create and maintain secure payment applications. A PABP-verified application ensures their merchants and agents do not use payment applications known to retain sensitive customer information such as the full contents of any magnetic strip and PIN data.
By using the PABP Rapid Compliance Program, BIG Software was able to PABP-verify their payment application Rapid Receipts for Microsoft Office Accounting.
"The PABP Rapid Compliance Program offers the easiest and quickest path available in the market to get a payment application PABP verified by Visa," said Ernest Cook, president, BIG Software Inc. "Receiving PABP validation will accelerate our ability to add commerce capabilities to our applications and make compliance headache-free for our customers. It also gives us a powerful market differentiator that will help mitigate risk for our merchant customers, and for ourselves."
The PABP Rapid Compliance Program was designed specifically for payment industry software companies to validate their application against Visa's PABP standard. Participation in the Rapid Compliance Program significantly expedites the process to obtain PABP validation from Visa. Instead of taking six months to a year to initiate, software vendors that take part in the PABP Rapid Compliance Program can now receive the PABP validation within months.
The PABP Rapid Compliance Program utilizes IP Commerce's Commerce Toolkit for Applications, which includes best practice implementations of PABP recommendations, enabling software developers to focus on creating user experiences and business logic. Because Coalfire auditors are already intimately familiar with the PABP components built in to Commerce Toolkit for Applications, the verification process conducted by Coalfire auditors requires less time and resources.
