One of the industry's fastest-growing independent services organizations standardizes on Trustwave to bolster security and compliance for its merchants
CHICAGO - July 25, 2012 - Financial Transaction Services (FTS), a full-service provider of electronic transaction processing services, has selected Trustwave to provide Payment Card Industry Data Security Standard (PCI DSS) compliance validation solutions for its merchants.
PCI DSS is the payment card industry's security requirement for entities that store, process, or transmit cardholder data, and has been endorsed by all the major credit card brands - Visa, MasterCard Worldwide, Discover Network, American Express and JCB.
"FTS is committed to the security of our merchants, and we believe Trustwave's industry expertise and merchant compliance program will help our clients validate and maintain their PCI DSS compliance, through easy-to-complete steps that any-sized merchant can understand," said Patrick Shanahan, Chief Operating Officer, Financial Transaction Services. "We decided to convert to and standardize our program on Trustwave because it offers the most comprehensive set of tools to help our merchants increase security and compliance."
FTS engaged Trustwave to provide its merchants with access to TrustKeeper® PCI Manager, Trustwave's innovative security and compliance cloud portal. TrustKeeper PCI Manager simplifies merchants' compliance efforts including moving merchants through the complex compliance process with greater ease and efficiency by making the tasks achievable for non-technical users. This helps facilitate PCI DSS compliance validation for merchants or acquirers, independent services organizations (ISOs), and processors with large merchant populations.
"The majority of businesses don't have dedicated IT professionals-they are focused on the day-to-day of running their business," said Doug Klotnia, Executive Vice President, Payment Services, Trustwave. "Our comprehensive set of tools and services make it easier for merchants to act immediately on PCI challenges and keep their acquirers in the loop on their current progress. By partnering with Trustwave, FTS is making a clear statement it wants to increase compliance to PCI DSS and help its merchants enhance their security."
TrustKeeper's PCI Wizard identifies gaps that need addressing in a To Do List, providing an easy-to-use tracking list for merchants to address security gaps. TrustKeeper also helps merchants complete required vulnerability scans and receive their PCI DSS compliance certificate. Included in the program is the TrustKeeper Agent, an easy-to-download tool that helps merchants identify unencrypted cardholder data (such as primary account numbers) or stored track data on their system. The TrustKeeper Agent also helps merchants monitor their compliance over time, with ongoing system checks that beacon back to TrustKeeper PCI Manager.
About Financial Transaction Services, LLC
Financial Transaction Services (FTS) is a full service provider of electronic transaction processing services for merchants, independent sales organizations (ISOs) and financial institutions. FTS offers a comprehensive line of solutions for credit and debit cards, gift cards, electronic check conversion, verification and guarantee, as well as terminal services, online Payment Gateway Solutions, ERP Integration and PCI Compliance. FTS is one of the fastest growing ISOs in the industry and continues to separate itself from the competition by uniting around a single mission: to help our clients optimize their business performance through smart, efficient payment processing. FTS is privately held and backed by FTV Capital, a leading growth equity investment firm. Company and product information are available at www.ftservice.com. Financial Transaction Services is a registered ISO/MSP of Wells Fargo Bank, N.A, Walnut Creek, CA. and HSBC Bank USA, N.A., Buffalo, NY.
About Trustwave
Trustwave is a leading provider of compliance, Web, application, network and data security solutions delivered through the cloud, managed security services, software and appliances. For organizations faced with today's challenging data security and compliance environment, Trustwave provides a unique approach with comprehensive solutions that include its TrustKeeper® portal and other proprietary security solutions. Trustwave has helped hundreds of thousands of organizations--ranging from Fortune 500 businesses and large financial institutions to small and medium-sized retailers--manage compliance and secure their network infrastructures, data communications and critical information assets. Trustwave is headquartered in Chicago with offices worldwide. For more information, visit Trustwave.
