EDS - top-level payment card security compliance

Friday, 14 August 2009, 10:50 am
Press Release: EDS

EDS, an HP company, achieves top-level payment card security compliance

EDS, an HP company, announced today that its processing facility, the Regional Cards & Payment Utility (RCU) in Australia, has successfully achieved the highest level of security compliance to the Payment Card Industry (PCI) Data Security Standard.1 By achieving this level of compliance, EDS will help clients reduce the risk of fraudulent use of payment card information and the threat of theft of cardholder data by enhancing the security of stored data.

The PCI Data Security Standard is a multifaceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. This standard was developed to help organisations that process card payments prevent fraud, hacking and other security threats. The PCI Data Security Standard is overseen by the PCI Security Standards Council, an open, global forum for the ongoing development, enhancement, storage, dissemination and implementation of security standards for account data protection.

“Enhancing and sustaining the confidence customers have in the security of the payments system is critical for the banking and payments industry. This, along with the expense associated with fraud and other security issues are major points of focus,” said Stephen Karpin, Executive General Manager Credit Cards, Commonwealth Bank of Australia. “By using the EDS processing facility, the Commonwealth Bank is able to offer our customers superior levels of security and better defend against fraud.”

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EDS processes approximately 30 percent of all acquired credit transactions in Australia, making it a PCI Level One Service Provider. As a result it must meet the most stringent compliance to the PCI Data Security Standard.

To achieve certification, a global team from EDS designed the utility’s network, storage and security architecture to meet PCI Data Security Standard requirements. The solution is based on providing PCI-compliant security and management functions to systems for multiple clients hosted within isolated network compartments.

“All companies that process, store and transmit credit card information must maintain a secure environment that minimises the risk of security vulnerabilities,” said Dee McGrath, director of cards for Asia Pacific at EDS, an HP company. “Achieving this level of compliance enables our clients the best possible security available for their cardholders.”

EDS launched its Regional Cards & Payment Utility processing facility in Australia in September 2007 with the Commonwealth Bank as its first client. Servicing the Asia Pacific region, RCU gives banks and other credit providers access to the latest technology and business systems under a shared services, pay-per-use model.

About EDS

EDS, an HP company, is a leading global technology services provider, delivering business solutions to its clients. EDS founded the information technology outsourcing industry nearly 50 years ago. Today, EDS delivers a broad portfolio of information technology, applications and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries, and to governments around the world.

About HP

HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.

1 Certification requires annual on-site audits by certified Qualified Security Assessors and quarterly network scans by certified Approved Scanning Vendors.

EDS and the EDS logo are registered trademarks of Hewlett-Packard Development Company, LP.
HP is an equal opportunity employer and values the diversity of its people. © 2009 Hewlett-Packard Development Company, LP.

ENDS

Environmental Defence Society

EDS speaks for the environment. It has influence.

Since 1971, EDS has been driving environmental protection in Aotearoa New Zealand through law and policy change. That's why it's one of this country's most influential non- profit organisations when it comes to achieving better environmental outcomes.

EDS has expertise in key disciplines including law, planning, landscape and science. It operates as a policy think-tank, a litigation advocate, and a collaborator – bringing together the private and public sectors for constructive engagement.

EDS runs conferences and seminars on topical issues, including an annual Environmental Summit and the Climate Change and Business Conference.

EDS is a registered charity and donations to it are tax-deductible.