Pendum
Elan

For the second year running, Johannesburg, South Africa-based Paycorp Holdings is among the first in the South African financial services industry to successfully achieve compliance with PCI Version 2.0. Independent payments company Paycorp Holdings and its three subsidiaries, ATM Solutions, DrawCard and EFTPOS, share a common platform which is connected to the majority of southern African banks and is active across all major payment streams. 

"As a payments group operating in a highly regulated environment, we understand the importance of data protection and complying with best practices," said Stephen Hochstadter, group chief operations officer. "This has enhanced our existing partnerships by ensuring we remain a trusted partner, and we are delighted to have achieved the latest standard in information security. With merchants facing increasing compliance pressures, they are seeking to use only compliant third-party processors going forward."

PCI compliance refers to industry-mandated security standards that apply to all businesses that store, process or transmit credit or debit card data.

Compliance with Version 2.0 means that explicit requirements and procedures to protect the cardholder have been met. Version 2.0 ensures that service providers have a risk-ranking system based on industry best practice, with the Scope of Assessment section being broadened to ensure that all locations and flows of cardholder information are properly identified and documented.

Paycorp's annual review by qualified security assessor Netcure was completed during the course of September and October. With the deadline for Version 2.0 compliance in 2014, Paycorp is one of the first companies globally to have been certified. 

For more on this topic, visit the transaction processing research center.

Related Content

User Comments – Give us your opinion!
Products & Services

Electronic Security Solutions

http://global.networldalliance.com/new/images/products/6909.png

6909/Electronic-Security-Solutions

ATM and Financial Self-Service Device Connectivity – JAM SI

http://global.networldalliance.com/new/images/products/LogoJAMSI.gif

3744/ATM-and-Financial-Self-Service-Device-Connectivity-JAM-SI

Refurbished ATMs

http://global.networldalliance.com/new/images/products/Refurbished_ATMs_100.gif

1174/Refurbished-ATMs

QuickWay Printer

http://global.networldalliance.com/new/images/products/Itautec_QuickWay.gif

737/QuickWay-Printer

BankWorld Internet

http://global.networldalliance.com/new/images/products/5611.png

5611/BankWorld-Internet

KAL Kiosks/ Self Service Solutions

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

587/KAL-Kiosks-Self-Service-Solutions

Build Your Brand with Accent Lighting

http://global.networldalliance.com/new/images/products/6347.png

6347/Build-Your-Brand-with-Accent-Lighting

FREE ATMs, Turnkey Operations and Cash Services

http://global.networldalliance.com/new/images/products/5947.png

5947/FREE-ATMs-Turnkey-Operations-and-Cash-Services

KingTeller- A4(08) Lobby Cash Dispenser ATM

http://global.networldalliance.com/new/images/products/1145.png

1145/KingTeller-A4-08-Lobby-Cash-Dispenser-ATM

KAL Remote Management Solutions

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

1081/KAL-Remote-Management-Solutions

NCR
Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.