PCI DSS security validation achieved by Iceland-based acquiring service

Valitor, a leader in cross-border card payment services and international merchant acquiring, recently achieved comprehensive PCI DSS (Payment Card Industry Data Security Standard) security validation. The company has already achieved ISO 27001 certification for all of its operations and together, these two security standards form a sound foundation on which to build the company’s security affairs for the future.

With card fraud becoming one of the most common crimes in global financial systems, card information security continues to be under attack from criminals. Due to this, international payment card companies now require all companies that handle, store, send or accept payment card information to operate in accordance with the requirements of the PCI DSS.

“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,” explained Vidar Thorkelsson, CEO of Valitor.

Thorkelsson added, “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.”

Valitor’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.

More details about Valitor and its international acquiring service can be found at www.valitor.com.