Paybox appoints Verizon to secure its electronic payment services

by CXOtoday Staff    Mar 04, 2011

security cardVerizon Business (NYSE:VZ) recently announced that it will provide services to payment technology provider Paybox Service’s virtual electronic and card present payment services comply with PCI DSS international payment card industry data-security standards.

“For us, compliance is not an option – it’s absolutely business critical. We handle huge amounts of confidential data on a daily basis, and PCI DSS compliance helps reassure our customers of our continuous efforts to enhance the security of our services – and therefore protect their data,” remarked Jacky Loos, president, Paybox Services.

The Paybox system, a secure virtual electronic payment terminal, is designed to support e-commerce transactions, stated the company. The system processes electronic payments from multiple sources including call and data input centres, WAP and i-mode, interactive voice servers and e-commerce sites.

According to the company, its professional security services team provided a range of audit, management and implementation services to help Paybox renew its PCI DSS certification, including a review of its existing policies to identify areas of non-compliance.