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South African Paycorp Holdings achieves PCI compliance

October 26, 2011

Paycorp Holdings, a Southern African payments company, has achieved PCI DSS compliance, according to a company press release. Paycorp Holdings and its three subsidiaries, ATM Solutions, DrawCard and EFTPOS, share a common platform which is connected with Southern African banks and is active across all major payment streams.

As a third party processor, Paycorp Holdings underwent an assessment, implementation and alignment process over a two and a half year period and was certified as PCI DSS version 1.2.1 compliant on Oct. 12, 2011.

"The accurate interpretation of the PCI DSS requirements was crucial in achieving compliance. Segmenting our network and enforcing a standardized approach for sustainable processes introduced many challenges in mitigating impact to processes and systems, particularly because we have different payment streams which include card acquiring at ATM and POS, as well as card issuing. PCI compliance is now the standard for all new projects to ensure that new systems and processes remain aligned," said Natasja Jordaan, program manager for the project, Paycorp Holdings.

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