HSBC Merchant Services LLP, a wholly-owned subsidiary of Global Payments Inc, has won the coveted ‘Merchant Award’ at the European Card Acquiring Awards for the second year in a row.
The ceremony was held at the Grand Hyatt hotel in Berlin this week and brought together prominent cards and payments professionals from across Europe to celebrate the top performers in the industry.
This is the second award HSBC Merchant Services LLP has won in the past month for its launch of Commidea’s Ocius Sentinel solution in the UK. Earlier this month, the company claimed the prestigious ‘Best Security or Anti-Fraud Development’ Award at the 2011 Card & Payments Awards in London for the third time in the last four years.
The award-winning new solution supports a major advance in security and a step-change in the ease of PCI DSS compliance for merchants who take in-store transactions. It has also become the first end-to-end encryption card payment solution to achieve Payment Application Data Security Standard (PA-DSS) approval.
Ocius Sentinel uses dual-layered encryption of card data, which provides a high level of protection on all card data. This dramatically reduces the work that merchants need to do to become PCI compliant.
Chris Davies, Managing Director of HSBC Merchant Services said: ‘We are thrilled to receive this second award for our work with Commidea. We are pleased to see that the hard work being done to assist our merchants with the issues of security and fraud is being recognised within the industry.’
Ian Rutland, Director of Marketing and Communications at Commidea said: ‘The praise our solution is receiving within the cards and payments industry is very flattering and hope that this increased awareness will help us to work with even more merchants to improve their security throughout 2011.’
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