Verizon Implements Payment Card Industry Security Standards

Verizon Business has implemented the payment card industry data security standard into its two US managed hosting smart centers and achieved compliance with the Visa USA cardholder information security program, to offer retailers and financial service providers with safeguards for protecting credit card holders’ confidential data.

Verizon Business will combine a protected network, managed hosting centers and professional services to help businesses to comply with the payment card industry (PCI) data security standard for storing, processing and transmitting credit card information.

The Verizon online compliance program for PCI tool can offer multiple views that are customized for retailers, payment service providers and acquiring banks. The merchant dashboard will offer retailers and payment service providers a comprehensive analysis of their PCI compliance status. It will allow them to fill out and archive self-assessment questionnaires and manage vulnerability scan reports. The acquirer dashboard will enable banks to evaluate the status of all relevant merchants and payment service providers.

Michael Marcellin, vice president of product marketing for Verizon Business, said: “When it comes to the protection of credit card data, Verizon Business is a market leader with its comprehensive capabilities. We are going the extra mile by providing our customers with the building blocks to enable them to bolster their security. By strengthening security at our two US Smart Centers and on our Transaction Services Network, we are empowering our customers to better protect their customers.”