HONG KONG and CHICAGO, IL--(Marketwire - December 17, 2008) - Ctopay, a global online payment
service provider, has announced compliance 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.
PCI DSS is the payment card industry security requirement for entities that
process, transmit and/or store 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, Ctopay had to demonstrate
compliance with 12 stringent security requirements by thoroughly reviewing
its IT environment and information security policies and procedures. To
maintain their compliance, Ctopay has enrolled in Trustwave's on-demand
compliance management solution, TrustKeeper® to have the necessary tools
to support on-going compliance such as quarterly network vulnerability
scans.
"As a payment service provider, we need to maintain a secure environment
not only for our business, but also to ensure the security of our merchants
who use our services globally to process e-payments," says Wiky Ding, chief
technology officer at Ctopay. "Security of cardholder data is a priority
for our organization and Trustwave has helped us achieve the highest
compliance standard."
"Ctopay is taking a leadership role by securing their environment to
protect every transaction they process," says Robert J. McCullen, chairman
and CEO of Trustwave. "Trustwave's full suite of compliance solutions has
increased Ctopay's network security capabilities, creating a more secure
environment for themselves and their customers."
"By working with Trustwave, Ctopay is taking the necessary steps to secure
payment practices as an integral part of their business," says Sophia Chen,
director of Northern Asia Pacific for Trustwave.
About Ctopay
CTOPAY is a global online payment service provider based in Hong Kong and
with branches/offices in China, Europe and Africa. Ctopay is providing
professional online credit card and debit card payment service with its
connection to the banks in China, Japan, Korea, Europe, US and Africa. And
also, with our acquiring relationship with those banks, we could provide
our clients with multi-currency online payment and settlement service.
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.