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allpay partners with security council
The PCI Security Standards require merchants and service providers who store, process or transmit customer payment card data to follow tight controls and processes.
As a participating member of the council, Hereford-based allpay will provide feedback on drafts of new standards and supporting materials, as well as helping more than 700 organisations to improve payment security worldwide.
Stephen W Orfei, general manager of the PCI Security Standards Council, said: “In an era of increasingly sophisticated attacks on systems, adhering to the PCI [data security standards] represents an entity’s best protection against network security threats and data breaches.
“By joining as a participating organisation, allpay … demonstrates it is playing an active part in mitigating the threats and improving the security of the payment chain globally by driving the security standards to higher levels of adoption and strength.”
Among its responsibilities, allpay will also have the opportunity to recommend new initiatives, participate in webinars with other council representatives and discuss new versions of standards.
Simon Cook, head of information security and compliance at allpay, added: “We are delighted to be a participating organisation and look forward to playing a direct role in the ongoing development of PCI Security Standards.
“This is a brilliant opportunity for allpay to stay up to date with, and review in advance, standards before release and actively partake in decision-making.
“We are pleased to stand for election on to the board of advisers, too, and very much look forward to contributing towards improving payment security on a global scale.”
Established in 1994, allpay specialises in bill-payment collection, paying out funds on prepaid cards and providing cashless payment systems for schools or leisure facilities.
The firm currently collects more than £6bn per year from over 60 million transactions.
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