PayEase Obtains PCI DSS Compliance Validation for Payment Security Services
BEIJING and CHICAGO, IL--(Marketwire - October 15, 2008) - PayEase, the technology leader in
Payment and Loyalty Marketing Service (LMS) for e-commerce merchants in
China, has achieved compliance validation with the Payment Card Industry
Data Security Standard (PCI DSS). Trustwave, the leading provider of
on-demand data security and payment card industry compliance management
solutions to businesses and organizations throughout the world, performed
the PCI DSS compliance validation for Beijing-based PayEase.
PCI DSS is the payment card industry security requirement for entities that
store, process or transmit cardholder data, and has been endorsed by all
the major card brands -- Visa Inc., MasterCard Worldwide, Discover Network,
American Express and JCB. Under the PCI DSS, payment service provider
compliance requirements are segmented into three levels based on the number
of transactions processed and/or transmitted annually.
To validate compliance with the PCI DSS, PayEase engaged Trustwave to
demonstrate compliance with 12 very stringent security requirements of the
credit card brands, submitting to a rigorous review of its IT environment
and information security policies and procedures. As a Level 1 processor,
PayEase also enrolled in Trustwave's TrustKeeper® -- an on-demand
compliance management tool that supports on-going compliance including the
required quarterly network vulnerability scans.
"Securing our customers' personal information is paramount to the success
of our business," says Fred Sum, CEO of PayEase. "As the first payment
service provider in China, we are again leading our peers by being one of
the first few businesses to validate PCI DSS compliance, a rigorous
security regulation that will ensure the protection of cardholder data."
CyberSource Corporation, a leading provider of electronic payment and risk
management solutions in the U.S. and a PayEase global payment strategic
partner -- also announced its partnership with Trustwave recently to secure
ePayment data.
"As a leader in payment services for e-commerce merchants, PayEase
understands the importance of securing cardholder data," says Robert J.
McCullen, chairman and CEO of Trustwave. "Using Trustwave's technology to
validate and maintain PCI DSS compliance protects payment information and
mitigates risk associated with e-commerce transactions."
"By adhering to PCI DSS standards, PayEase is demonstrating to its
customers the importance of securing critical information," says Sophia
Chen, director of Northern Asia Pacific for Trustwave. "PayEase is an
industry leader and we are excited to have the opportunity to work with an
organization that understands the importance of data security."
About PayEase
PayEase is currently one of China's leading payment & loyalty marketing
service provider. Established in 1999, the PayEase payment platform is one
of the first payment service providers in China, has conformed to the
global ISO 270001 Information Security Management System Standard and ISO
9001 Quality Management System Standard since 2005, and has been honored as
a 2006 Red Herring Asia 100 Winner. Through relationships with national
banks in China, the PayEase payment platform facilitates payments among
merchants and unifies functionality through a single interface. PayEase's
secured platform provides a unified solution that covers various channels
of payment such as Internet, mobile phone, POS, call centers, and E-wallet.
In addition, PayEase supports almost all types of bank debit cards issued
in mainland China and four international credit cards (VISA, MasterCard,
American Express and JCB). Additionally, PayEase offers tailor-made
Customer Loyalty Programs (CLPs) to its clients, enhancing their ability to
build loyal customer relationships.
About Trustwave
Trustwave is the leading provider of on-demand and subscription-based
information security and payment card industry compliance management
solutions to businesses and government entities throughout the world. For
organizations faced with today's challenging data security and compliance
environment, Trustwave provides a unique approach with comprehensive
solutions that include its flagship TrustKeeper® compliance management
software and other proprietary security solutions. Trustwave has helped
more than 30,000 organizations -- ranging from Fortune 500 businesses and
large financial institutions to small and medium-sized retailers -- manage
compliance and secure their network infrastructure, data communications and
critical information assets. Trustwave is headquartered in Chicago with
offices throughout North America, South America, Europe, Africa, China and
Australia. For more information, visit https://www.trustwave.com.
Contact Information: MEDIA CONTACT:
Kevin Yim
PayEase
852 9228 2222
Michelle Genser
Trustwave
312-873-7288