mChek to receive PCI-DSS 1.1 certification

mChek, an ISO 27001 company, today announced that it has become the world’s first Mobile Payments Service Provider to achieve the Payment Card Industry’s Data Security Standards 1.1, a global standard aimed at stamping out debit and credit card fraud. The certification was received after an extensive independent audit of all mChek’s operations and processes conducted by SISA, a leading provider of Information Security consulting and audit services for the banking, telecom and defence industries.

The mChek/Payment service enables consumers to shop with their mobile phones in a convenient and safe manner, either across the counter or with remote merchants by bringing together the ecosystem of merchants/content owners, banks and telecom operators. As with any electronic payment service, data security is a crucial requirement of such a service. The PCI DSS standard represents the best practices defined by Visa International, American Express, Discover Financial Services, JCB and MasterCard Worldwide covering requirements for security management, policies, procedures, network architecture, software design and other critical protective measures.

“Only a select few companies around the globe have achieved the PCI-DSS 1.1 standard”, said Darshan Shantamurthy, Chief Consultant of SISA. “PCI-DSS is only achieved based on a rigorous audit of key areas of any service provider’s technology and operations and we congratulate mChek on achieving this global industry-standard”.

“Being the first mobile payments service provider in the world to achieve PCI-DSS 1.1 is a continued measure of our pioneering efforts in mobile payments”, said Sanjay Swamy, CEO of mChek. “All key stakeholders – banks, card associations, telecom operators, merchants and consumers – can adopt the mChek solution with the assurance that it complies with the industry standards in information security”. 

Sourced From: 20 : 20 Media Pvt Ltd