Banctec BPO Validates Compliance With The PCI DSS
Payment Processing Operations Achieve Organization-Wide PCI Compliance For BPO Service Offerings.
DALLAS May 10, 2011 – BancTec, a global leader in business process outsourcing (BPO) and transaction automation, today announced that it has been validated compliant with the Payment Card Industry Data Security Standard (PCI DSS). Trustwave, a leading provider of information security and compliance solutions, performed the validation.
PCI DSS is the payment card industry security requirement for entities that store, process or transmit cardholder data, and has been endorsed by all the major card brands: Visa Inc., MasterCard Worldwide, Discover Network, American Express and JCB. Validation involves verification of the implementation of a number of mandated control objectives that are specific to technology design, network and physical data security.
“Achieving PCI compliance affirms BancTec’s commitment to the most stringent standards of security in handling payment data for our clients,” said Maria Allen, senior vice president and president of the Americas for BancTec. “Clients know that they can depend on BancTec to deliver reliable, secure, and consistent performance across our BPO operations in the United States and worldwide.”
PCI DSS is among a growing number of regulatory and compliance requirements that organizations face today. Others include the Sarbanes-Oxley Act (SOX), Healthcare Insurance Portability and Accountability Act (HIPAA), Gramm Leach Bliley Act (GLBA), UK Data Protection Act, Fair Debt Collection Practices Act (FDCPA) and the US-EU Safe Harbor Agreement.
“Across our portfolio of BPO services, BancTec enables clients to better control their operations and reduce risk. These benefits are especially relevant in today’s regulatory environment,” Allen said.
BancTec is a global leader in business process outsourcing (BPO), providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial and back-office processes. Headquartered in Dallas with clients in 50 countries, BancTec leverages its proprietary IP and deep expertise to provide flexible, focused solutions across the financial services, insurance, healthcare, utility, transportation and government sectors. The company operates 21 BPO centers in the United States and worldwide, utilizing a common technology platform to deliver reliability, security, and consistently high levels of performance. To learn more, visit www.banctec.com or call 1-800-BANCTEC.