Prepaid Debit Company Receives Recognition from VeriSign for Compliance with Data Security Measures
AUSTIN, Texas, July 31 /PRNewswire/ -- NetSpend, one of the premier providers of prepaid solutions in the United States, announced that it passed a second annual security audit by VeriSign Global Security Consultants to achieve compliance with VISA's and MasterCard's requirements for participation in their financial networks.
"NetSpend has committed itself to securing our systems and protecting customer data and we are pleased that VeriSign has recognized our efforts," said Steve Fussell, NetSpend's chief technology officer. "In fact, we agreed to collaborate, at VeriSign's invitation, in producing and publishing a case study as an example of good practices for the implementation of PCI from the perspective of a prepaid card processor and program manager." The case study is available at http://www.verisign.com/.
Fussell said NetSpend's security prowess is attributable to its people, processes and technology. The company's security team has more than 25 years of combined information security experience and possesses several certifications of expertise, including Certified Information Systems Security Professional Certification, Global Information Assurance Certification, Certified Intrusion Analyst, GIAC Certified Incident Handler, GIAC Certified Forensic Analyst and EC-Council Certified Security Analyst certification.
NetSpend has assembled a comprehensive and robust approach to information security. It has over 35 different policy documents and uses in excess of twenty different software tools to manage its overall information security processes.
"We asked NetSpend to work with us in developing our case study because VeriSign believes NetSpend's security program is worthy of emulation by other companies readying themselves for the Payment Cards Industry assessment required by VISA and MasterCard," said Branden R. Williams, CISSP, CISM, senior consulting manager, PCI practice lead, VeriSign. "For instance, because of NetSpend's preparation, an audit that could have taken three weeks was completed in only four days. NetSpend is the first prepaid debit card marketer and processor we have profiled in this way." About NetSpend Corporation NetSpend Corporation is one of the premier providers of innovative, accessible prepaid debit cards that enable financial freedom for self-banked consumers. Grounded by a mission of financial empowerment. NetSpend is committed to meeting its customers' financial services needs on their terms while offering the convenience, security and acceptance of conventional financial services. NetSpend's proprietary processing platform allows it to support prepaid card programs end-to-end from customer acquisition and card fulfillment to customer service and risk management. The NetSpend(R) Prepaid Card Network includes leading consumer brands and companies serving the un-banked and under-banked markets, and its strategic relationships include card issuers, EFT networks and payment card associations. For more information, visit http://www.netspend.com/.
About VeriSign VeriSign, Inc. (NASDAQ:VRSN), operates digital infrastructure services that enable and protect billions of interactions every day across the world's voice and data networks. Additional news and information about the company is available at http://www.verisign.com/.
Contact:
Amy Shields or Meghan Butler
GCI Read-Poland for NetSpend Corporation
or
(512) 542-2839 or (512) 542-2836
DATASOURCE: NetSpend Corporation CONTACT: Amy Shields, +1-512-542-2839, , or Meghan Butler, +1-512-542-2836, , both of GCI Read-Poland, for NetSpend Corporation Web site: http://www.netspend.com/ http://www.verisign.com/
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