Butterfield Bank today announced a partnership with AmbironTrustWave to offer Payment Card Industry Data Security Standard (PCI DSS) compliance solutions to merchants that process credit card payments through Butterfield Bank.
AmbironTrustWave is a leading provider of information security and compliance management solutions.
PCI DSS was launched in late 2004 to unify payment card industry security requirements for storing, processing and transmitting cardholder data. PCI DSS encompasses the security standards of all the major card brands â Visa International, MasterCard Worldwide, Discover Network, American Express and JCB.
Merchant compliance requirements are segmented into four levels based on the number of transactions a merchant processes annually.
As a result of the partnership, Butterfield Bank merchant clients will have access to all of the services required for validating compliance with PCI DSS through AmbironTrustWave's TrustKeeperÂ® solution, including:
. Risk Profiler â An online risk assessment tool that enables merchants to determine their risk of credit card compromise.
. PCI DSS Self Assessment Questionnaire (SAQ) - An approved list of questions about the security controls on a merchant's transaction network.
. Vulnerability Scanning - A remote scan of a merchant's transaction network to detect weaknesses that could be exploited by hackers or unauthorized third-parties.
. Remediation Recommendations - A "Compliance Report" includes data gathered from the questionnaire and scan, and outlines actions required to address any vulnerabilities.
âAt Butterfield Bank, we are committed to our business customers and understand the importance of complying with the Payment Card Industry Data Security Standards,â said Georgia Fevriere, Assistant Vice President of Merchant Services, Butterfield Bank. âBy validating and maintaining compliance with these standards, we can eradicate undetected security vulnerabilities, making it safer for our customers to transact through Butterfield Bank.â
"We are pleased to be working with a market leader like Butterfield Bank to help their merchants protect cardholder information. As PCI DSS compliance is mandated as the standard for conducting business in the payment industry, tools such as the Risk Profiler provide acquiring institutions with information they need
to effectively drive PCI DSS compliance to their merchants," added Robert J. McCullen, CEO of AmbironTrustWave.
Butterfield Bank Merchant Services offers a full range of products to suit local merchant needs, including e-commerce, wireless terminals, point-of-sale, as well as lodging solutions.