SunGard's AvantGard PayNetExchange Earns Payment Card Industry (PCI) Compliance Certification
May 1, 2012 — New York, NY
SunGard‘s AvantGard PayNetExchange has attained the Payment Card Industry Data Security Standards (PCI-DSS) Report of Compliance as a Level I Service Provider. This certification helps assure companies that AvantGard PayNetExchange provides a secure, integrated payments platform that safeguards against fraud and protects sensitive customer data.
Through this report, AvantGard PayNetExchange has been certified to meet the information security best practices defined by the Payment Card Industry Security Standards Council (PCI SSC). To achieve PCI compliance, AvantGard PayNetExchange underwent a comprehensive third party examination of its policies, procedures, technical systems, and infrastructure by a PCI SSC approved “Qualified Security Assessor”.
“SunGard’s foundational commitment to data protection and secure service delivery includes providing (or offering) solutions that meet the standards set forth by the PCI Security Standards Council” said Rob Jacobson, senior vice president of payment services at SunGard’s AvantGard. “This certification underscores our vigilance, ongoing investment and commitment to protect critical customer payment information. AvantGard PayNetExchange customers can gain peace of mind knowing that the proper safeguards are in place to help assure the security of their data.”
About PCI Security Standards Council (PCI SSC)
Founded by American Express, Discover Financial Services, JCB, MasterCard Worldwide, and Visa the PCI Security Standards Council (PCI SSC) is an independent body formed to develop, enhance, disseminate and assist with implementation of security standards for payment account security. The PCI DSS applies to merchants, processors, acquirers, issuers, and service providers that store, process, or transmit card data. It is a multifaceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. This comprehensive standard is intended to help organizations proactively protect customer account data.
About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity and risk management solution for corporations, insurance companies and the public sector. The AvantGard solution suite includes credit risk modeling, collections management, treasury risk analysis, cash management, payments system integration, and payments execution delivered directly to corporations or via banking partners. AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets, and market data. The technology is supported by a full range of services, including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment, and is delivered by a team of domain experts. For more information, visit www.sungard.com/avantgard.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit www.sungard.com.
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