NewNet Communication Technologies to Partner with PCI Security Standards Council to Improve Payment Data Security Worldwide

Posted on: April 16th, 2013 by NewNet

 

As Council’s newest Participating Organization, NewNet Communication Technologies to contribute to the development of PCI Security Standards

Arlington Heights, IL April 16, 2013 — NewNet Communication Technologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, announced today that it has joined the PCI Security Standards Council as a new Participating Organization. NewNet is a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions, Interactive Voice Response (IVR), and mobile real-time charging and rating. NewNet will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS).

Endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the PCI Security Standards require merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection. To enhance payment data security globally while embracing new technologies as they are developed, the Council relies on involvement of those across the payments processing chain, from merchants and service providers to payment device manufacturers and software developers, financial institutions and processors.

As a Participating Organization, NewNet adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security.
NewNet will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council, participate in exclusive webinars and question and answer sessions with Council representatives, and review and discuss new versions of the PCI Security Standards while sharing cross-sector experiences and best practices at the annual Community Meetings.

“In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against network security threats and data breaches,” said Bob Russo, General Manager of the PCI Security Standards Council. “By joining as a Participating Organization, NewNet demonstrates they are playing an active part in mitigating the threats and improving the security of the payment chain globally by driving the security standards to higher levels of adoption and strength.”

NewNet’s CEO, PJ Louis, said: “We are pleased to become a Participating Organization member of the PCI Security Standards Council. “As a member NewNet will play a direct role in the ongoing development of PCI standards while providing the highest levels of security for our TraxcomSecure transaction processing product line.”

About the PCI Security Standards Council
The PCI Security Standards Council is an open, global forum that is responsible for the development, management, education and awareness of the PCI Data Security Standard (PCI DSS) and other standards that increase payment data security. Founded in 2006 by the major payment card brands American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the Council has more than 600 Participating Organizations representing merchants, banks, processors and vendors worldwide. To learn more about playing a part in securing payment card data globally, please visit: pcisecuritystandards.org

Connect with the PCI Council on LinkedIn: http://www.linkedin.com/company/pci-security-standards-council Join the conversation on Twitter: http://twitter.com/#!/PCISSC

About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit newnet.com and skyviewcapital.com

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