MINNETONKA, Minn., Feb. 13 /PRNewswire/ -- Vanco Services, a leading provider of electronic payment solutions to the service and nonprofit sectors, has successfully passed its annual audit as a Payment Card Industry (PCI) Level 1 Compliant Service Provider.
Tough data security measures are critical in an era when the Federal Reserve states that electronic transactions now represent more than 2/3rds of all U.S. non-cash payments. The Payment Card Industry -- an organization whose founders includes Visa, MasterCard, American Express and Discover Financial Services -- requires that large volume payment processors verify their adherence to well-defined security standards through an independent audit that includes both quarterly network scans and annual onsite assessments.
In a card industry network comprised of millions of organizations, Vanco Services is one of fewer than 400 large-volume processors designated as a PCI Level 1 Compliant Service Provider. On its website, Visa maintains the complete list of Level 1 Compliant Service Providers along with their most recent validation date and the name of the audit firm that performed the assessment.
"For thousands of clients, our designation as a PCI Level 1 Compliant Service Provider is a tangible demonstration of our unwavering commitment to security and risk management," said Jeanne Spencer Rose, CEO of Vanco Services, LLC. Processing credit and debit card transactions however, are just two of the many payment services Vanco offers to a client roster that includes orthodontic practices, fitness clubs, churches and nonprofit organizations. Bill Learst, Executive Vice President and Chief Technology Officer is very impressed with the comprehensive scope of The PCI Data Security Standard (DSS). According to Learst, "The twelve requirements that form the foundation of the PCI Data Security Standard are so well conceived that we have taken the extra step to implement them across our entire line of electronic payment solutions."
Vanco Services, LLC is a Minnetonka, Minn.-based provider of electronic
payment solutions to businesses and organizations of every size. More than
15,000 clients use Vanco's suite of e.service(R) payment solutions to
securely and efficiently process payments and donations. Learn more at
Vice President, Marketing
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|SOURCE Vanco Services, LLC|
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