WAY4 News

 

OpenWay Group Joins PCI Security Standards Council as Newest Participating Organization

OpenWay Group to participate in key standards setting body protecting payment cardholder data

February 20, 2008 - Brussels, Belgium

OpenWay Group, an international provider of innovative software solutions for electronic payment systems, announced today that it has joined the PCI Security Standards Council as a new participating organization. As a Participating Organization, OpenWay Group will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards.
The PCI DSS, endorsed by American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa Inc., requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity.
As a Participating Organization, OpenWay Group will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a growing community. In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against data criminals. By joining as a Participating Organization, OpenWay Group is adding its voice to the process.
“The PCI Security Standards Council is committed to helping everyone involved in the payment chain protect consumer payment data,” said Bob Russo, General Manager of the PCI Security Standards Council. “By participating in the standards setting process, OpenWay Group demonstrates they are playing an active part in this important end goal.”
“We see the acute need for giving greater protection to payment data, and are ready to share our best practices in this field. The PCI Security Standards Council initiative allows us, in cooperation with major representatives of the payment industry, to take part in decisions that affect new security standards," stated Wim Pardon, director of OpenWay Belgium S.A.
PCI Security Standards Council

The mission of the PCI Security Standards Council is to enhance payment account security by fostering broad adoption of PCI security standards.

http://www.pcisecuritystandards.org
OpenWay Group

OpenWay Group was founded over 15 years ago. We develop WAY4, an innovative e-payment processing framework for banks, payment processors, telcos and petrol companies.

OpenWay was initially headquartered in Brussels, Belgium with one R&D team there and another in St. Petersburg, Russia. Today we are a global company with 10 offices and 130 customers around the world.

Our portfolio consists of WAY4 Card and Merchant Management, Financial Switching, Personalised Channel Banking, Prepaid Cards, E-Commerce, Mobile Payments, Digital Wallet, DCC, Fuel Cards, and other solutions.

Our customers include tier-1 giants, mid-size companies, and ambitious start-ups:

WAY4 live installations consistently demonstrate high performance; for example, 90 million cards issued and authorized on a single platform and 12 million POS/ATM clearing transactions processed daily by a single acquirer.

OpenWay, known for its commitment to long-term relationships, both serves customers locally and provides global support. Today our team unites approximately 500 payment business, digital technology, and security professionals.


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You can contact us at:

Glenn R. Boyet
PCI Security Standards Council
Phone: 781-876-6248
gboyet@pcisecuritystandards.org

Marketing Department
OpenWay Group
marketing@openwaygroup.com


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