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mChek becomes the world's first Mobile Payments Service Provider to receive PCI-DSS 1.1 certification
Bangalore, September 10, 2007
Unified data security standards of all leading global card associations, including Visa International – now from the convenience of your mobile phone!
mChek, an ISO 27001 company, today announced that it has become the world’s first Mobile Payments Service Provider to achieve the Payment Card Industry’s Data Security Standards 1.1, a global standard aimed at stamping out debit and credit card fraud. The certification was received after an extensive independent audit of all mChek’s operations and processes conducted by SISA, a leading provider of Information Security consulting and audit services for the banking, telecom and defence industries.
The mChek/Payment service enables consumers to shop with their mobile phones in a convenient and safe manner, either across the counter or with remote merchants by bringing together the ecosystem of merchants/content owners, banks and telecom operators. As with any electronic payment service, data security is a crucial requirement of such a service. The PCI DSS standard represents the best practices defined by Visa International, American Express, Discover Financial Services, JCB and MasterCard Worldwide covering requirements for security management, policies, procedures, network architecture, software design and other critical protective measures.
“Only a select few companies around the globe have achieved the PCI-DSS 1.1 standard”, said Darshan Shantamurthy, Chief Consultant of SISA. “PCI-DSS is only achieved based on a rigorous audit of key areas of any service provider’s technology and operations and we congratulate mChek on achieving this global industry-standard”.
“Being the first mobile payments service provider in the world to achieve PCI-DSS 1.1 is a continued measure of our pioneering efforts in mobile payments”, said Sanjay Swamy, CEO of mChek. “All key stakeholders – banks, card associations, telecom operators, merchants and consumers – can adopt the mChek solution with the assurance that it complies with the industry standards in information security”.
About mChek
mChek India Payment Systems, Pvt. Limited is an, an ISO 27001 and PCI-DSS 1.1 company, is is funded by Draper Fisher Jurvetson (www.dfj.com) a leading venture capitalist in Silicon Valley. The company has developed several patent-pending applications in the areas of security and banking. mChek’s services have been developed with several years of technology and market research and collaboration with VISA International, and brings the eco-system of telecom operators, banks, merchants and consumers together in a cohesive and win-win manner. The mChek service is currently available to customers on AIRTEL in India and Dialog Telekom in Sri Lanka.
For more information, visit http://www.mchek.com or email [email protected].
About SISA
SISA (www.sisa.co.in) Information Security (P) Ltd. is a Global Independent IS Audit Organization having clients encompassing most industry verticals ranging from manufacturing, IT/ITES, Defence, and Telecom to banking. SISA aims at innovative and cost effective solutions for its customers the world over. Its proprietary SISA risk assessment methodology ensures structured and comprehensive approach to its delivery model. SISA is a PCI-SSC recognized Qualified Security Assessor and conducts L1/L2/L3 audits.
For more information, visit http://www.mchek.com or write to [email protected] or call +91-80-41795900.
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