Power of PAYBOX®
Direct Insite Renews Payment Card Industry (PCI) Data Security Standard (DDS) Certification
Direct Insite Corp. (OTCQB: DIRI), a provider of a powerful unified working capital management platform, announced today that it has renewed its certification as compliant with the Payment Card Industry (PCI) Data Security Standard (DSS) certification, the most rigorous industry-recognized payment-card security standard.
The PCI DSS was created to increase technical and operational controls around cardholder data to reduce credit card fraud. It provides a framework for the development of a robust payment card data security process, including prevention, detection and appropriate reaction to security incidents.
“Data transparency and compliance are critical in today’s increasingly regulated financial environment. Direct Insite has invested heavily in its infrastructure, processes and people to ensure the security of our customers’ sensitive data. PCI DSS validation provides our customers with the confidence that their data is being used, stored and managed in accordance with the most demanding privacy and security standards,” said Direct Insite Chairman and CEO Matthew E. Oakes.
To become PCI DSS-validated, Direct Insite underwent a comprehensive third-party examination of its policies, procedures, and technical systems.
For more information about PCI DSS or The PCI Security Standards Council, click here.
About Direct Insite
Direct Insite provides a powerful platform for unified working capital management. Direct Insite’s unified working capital management platform facilitates $160 billion worth of transactions annually between more than 375,000 companies worldwide. The flagship component of this platform is PAYBOX, an innovative receivables and payments automation solution that combines electronic invoicing, online approvals and adjustments, electronic payments, and integration with any legacy accounting, ERP or lockbox system. Banks and corporations use PAYBOX to reduce DSO, lower costs, and improve straight-through AR posting. To learn more, visit www.directinsite.com.
About the PCI Security Standards Council
The PCI Security Standards Council is an open global forum, launched in 2006, that is responsible for the development, management, education, and awareness of the PCI Security Standards, including the Data Security Standard (PCI DSS), Payment Application Data Security Standard (PA-DSS), and PIN Transaction Security (PTS) requirements.