Electronic payment solutions and services company GFG Group has obtained Payment Application Data Security Standard (PCI PA-DSS) V2.0 certification from the Payment Card Industry Security Standards Council (PCI SSC) for its industry-leading card management solution Cadencie, release 7.5.1.
Cadencie is a sophisticated card management system that supports both card issuing and merchant acquiring for Visa, MasterCard, American Express, JCB and China UnionPay. It is "Full Grade" EMV compliant.
Wayne Robinson, GFG Group’s Senior Vice President Sales and Marketing, says GFG Group has always followed industry best practice security recommendations however, the PCI PA-DSS certification process was a natural progression for the company.
“GFG Group has provided electronic payment solutions with bank-grade security for 20 years and we have assisted many of our customers in achieving PCI compliance. This PA-DSS certification is an assurance to our existing and future customers that GFG Group is positioning its solutions to meet the highest industry security standards, thereby assisting our customers in maintaining their PCI compliance,” Robinson says.
The PCI SSC created the Payment Application Data Security Standard (PA-DSS) as the definitive data standard for software vendors that develop payment applications. It is recognised as the global payment card industry security standard and provides a guarantee of a high level of security in payment account data and also defines best practices in the development of payment applications.
“GFG Group has always followed the security recommendations of the PCI SSC for its various products (including flagship products Cadencie, Simfonie and FINsim) and worked closely with security experts, such as Thales. However, the decision to go through the certification process was more recent,” Robinson says. “Fraud is increasingly a concern for our customers and we believed it was time to invest in this certification and demonstrate our commitment to our customers. GFG Group doesn’t compromise on security.”