African integrated payments and transaction switching company, Interswitch announced today that it has joined the PCI Security Standards Council on the improvement of data security globally.
The partnership entails Interswitch working with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS).
Interswitch is committed to ensuring our products and services meet the highest international security standards. The perception of Africa as a difficult place to do business is being challenged by companies such as Interswitch who are instituting international best practice security standards. We are playing our part by working with the international community to develop new standards and ensuring transactions in Africa are safe and secure. - Mitchell Elegbe, Group Managing Director of Interswitch
Endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the PCI Security Standards require merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection.
Interswitch will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council, participate in exclusive webinars and question and answer sessions with Council representatives, and review and discuss new versions of the PCI Security Standards while sharing cross-sector experiences and best practices at the annual Community Meetings.