NewswireToday - /newswire/ -
Toronto, Ontario, Canada, 2011/07/22 - GuestLogix, Inc. (TSX:GXI), has successfully renewed Payment Application – Data Security Standards (PA-DSS) compliance certification as part of the company's investment to provide robust and secure payment processing to its customers. TSX: GXI
GuestLogix, Inc. (TSX:GXI), the leading transaction processor of ancillary revenues and onboard store technology to the travel industry has successfully renewed Payment Application – Data Security Standards (PA-DSS) compliance certification as part of the company's investment to provide robust and secure payment processing to its customers.
PA-DSS compliance is a major stepping stone in reaching the highest level of data security. Ahead of the curve in protected payment solutions, GuestLogix provides customers with an exceptionally safe and reliable transaction platform, minimizing the risk of credit card fraud.
"Core to our focus of seeking out the most effective ways to generate ancillary revenues is ensuring our technology platform offers the highest level of built-in secure transaction capability for our customers and their passengers. We can provide any airline with a secure, cost-effective solution to suit any card processing requirements," said Tom Douramakos, President and CEO, GuestLogix.
PA-DSS enables GuestLogix to offer payment solutions backed by current certifications that specifically apply to vendors and payment application developers. GuestLogix' payment processes are validated to ensure consumers' personal information stays protected from outside sources. Using an approved process to prevent security threats, PCI DSS-approved environments better protect credit card data, including card codes and values (CVC2, CVV2, CAV2, CID), PINs, and stripe data.
The PCI DSS and PA-DSS security certification programs require that companies like GuestLogix meet exacting standards for payment procedures. Companies must meet or exceed global security standards of payment processing, in addition to storing and transmitting cardholder information.
It is an important time for companies to invest in payment application certification. According to the Identity Fraud Survey Report by Javelin Strategy & Research (2011), identity fraud cost consumers more time and money in 2010 than in previous years, and that's despite lower numbers of fraud victims overall. The most recent report from Unisys Security (March 2011) shows that one of the most widespread national concerns in the United States is financial security. Numbers of those "seriously concerned" with debit and credit card fraud have risen from 57 percent to 68 percent. In addition, the percentage of those "seriously concerned" about shopping or banking online increased from 34 percent to 51 percent.
GuestLogix continues to implement security measures, and PA-DSS certification serves as a vital part of payment solutions today. Those interested in viewing the PA-DSS compliance certificate live at the PCI Data Security Council website.
GuestLogix (guestlogix.com) is the leading global provider of onboard store technology and merchandising, which helps airlines and other operators create, manage, and control onboard retail environments tailored to their needs and their passengers. Serving approximately 40% of the global airline passenger traffic, GuestLogix has become a trusted onboard transaction processing partner to airlines around the world. The Company is headquartered in Toronto, Canada and maintains sales and support facilities in the US, UK, Singapore, and South Korea. GuestLogix is publicly traded on The Toronto Stock Exchange (symbol:GXI.T).
©2011 GuestLogix. All Rights Reserved. ®OnTouch is a trademark of GuestLogix Inc. and is registered in the United States and may be pending or registered in other countries. All other trademarks and trade names are the property of their respective owners.
Kristen Dickson, The Equicom Group
P: 416-815-0700 x273 / E: kdickson[.]equicomgroup.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.