Alaric International Achieves Visa Payment Application Best Practice Validation
Alaric International has received Visa payment application best practice validation for its authentic authorisation and fractals risk management and card fraud detection product ranges. This certification, which was awarded by Visa following guidance and auditing by One-SEC, enables Alaric customers to comply with the payment card industry data security standard (PCI DSS), mandated by the major card schemes to protect sensitive data. Visa has developed the payment application best practices (PABP) program to support software vendors in delivering secure payment applications that help ensure merchant compliance with PCI DSS. To be considered secure, these applications cannot retain full magnetic stripe data or CVV2 data and must support a merchant’s ability to comply with PCI DSS requirements. As card payment technology continues to evolve, card fraud has become ever more sophisticated, and any business that stores or transmits cardholder account data is a potential target. By following the procedures of PCI DSS, organisations can boost customer confidence and maintain consumer trust through a higher level of data security. The standard outlines the measures that merchants must take to ensure any cardholder data handled is secure, including installing and maintaining a secure network, protecting cardholder data, maintaining a vulnerability management programme, implementing strong access control measures, regularly monitoring and testing networks and maintaining an information security policy.