Merchant acquiring service Valitor achieves PCI DSS security validation

The Iceland-based merchant acquiring service, Valitor, a specialist in cross-border card payment solutions, recently achieved comprehensive PCI DSS (Payment Card Industry Data Security Standard) security validation.

Card information security is an issue that has been much discussed recently. All over the world, such information has increasingly been under attack from criminals, and card fraud has become one of the most common crimes in global financial systems. Due to this, international payment card companies require all companies that handle, store, send or accept payment card information to operate in accordance with the requirements of the PCI DSS.

Valitor has already achieved ISO 27001 certification for all of its operations and services to retailers, banks, savings banks and cardholders. Together, these two security standards form a sound foundation on which to build the company’s security affairs for the future.

Vidar Thorkelsson, CEO of Valitor, said, “This new certification is an important instrument, as regards both implementing our policies in security issues, as well as meeting the requirements of the international community. The application of the validation is actually quite extensive, as requirements on the status of security affairs in companies in general have become extremely important in their communications and ability to continue as a going concern.”

The company’s information security policies are based on laws and regulations on personal privacy, the EU’s directives on personal privacy and relevant security standards ISO 27001 and PCI DSS. At the same time, the policies fully accord with the rules of the Data Protection Authority as regards the security of personal information and the guidelines issued by the Icelandic Financial Supervisory Authority (FME) on the operation of the IT systems of parties subject to supervision.

“The PCI DSS validation of compliance does not, of course, mark the end of our efforts in this field. We will, as before, continue to be vigilant and fully participate in the further development of global security issues,” concluded Thorkelsson.

For further information about Valitor’s PCI DSS certified merchant acquiring services, visit www.valitor.com.

Contact Information

Valitor

Enquiries

Valitor

(354) 525 2000

valitor@valitor.com