PayGate announces PCI-DSS version 2.0 Level 1 compliant

- Security comes before fees

News provided by
PayGate
Feb. 14, 2014 13:42
SEOUL--(Korea Newswire)--PayGate has announced that they are PCI-DSS version 2.0 Level compliant, and they are the one and only company in Korea.

It is mandatory to go through a security compliance once every year for a company on Credit Card handling business, and PCI-DSS is the standard for International companies like Visa and Master.

PCI-DSS, via co-operation of Payment Card Industry Visa, Master, JCB, Amex etc, holds its purpose to prevent Personal Credit Card information leakage.

This prevents stores saving Credit Card information and if required, encryption of Card number, name, and expiration date is mandatory. It also requires web service security, application and protocol safety consolidation and user process confirmation.

Lessons learned from the recent personal information leakage, it is meaningful that PayGate is PCI-DSS version 2.0 Level 1 compliant, and the first ever company to have it in Korea.

Since 2008, PayGate went through 250 security check every year by Control Case, and it is renewed every year to keep the finest security level.

“It is not limited to Payment Gateways but all industry which handles Credit Card information like Credit Card companies, VAN, Banks, Online stores, and true security is achieved when everybody shares the same level of security compliance” said Mr. Lee Dong San, CTO of PayGate.

PayGate will continue to meet the latest security standard every year, the era of ‘fee-comparison competion’ service is over.

Since 1998, PayGate has never stopped development as a global Payment Solution Provider and grew its competence. Based on Web standard platform and its firm security environment, PayGate, registered patent as a Multi-Payment Gateway, expands its services in Credit Card payment, Bank transfer, Mobile payment, China . Japan. Europe payment and thus providing its service to Multi-national companies. PayGate seeks to expand its duties and take social responsibility in the coming years. Regardless of PayGate's success, they are yet hungry for more and their steps head closer to the world market.

Website: http://www.paygate.net

Contact

Stephen Kwak
+82-2-2140-2739
Send Email