| Qpass, Amdocs' Digital Commerce Division, Releases Comprehensive Off ...
ST. LOUIS, Nov. 12 /PRNewswire-FirstCall/ -- Amdocs (NYSE: DOX) , the leading provider of customer experience systems, today released additional modules for its Qpass Off-Portal Suite, a comprehensive solution that allows service providers to create a safer and more consistent customer experience. The solution also enables profitable growth for both service providers and merchants in off-portal or "direct to consumer" digital commerce, such as when consumers purchase goods or services directly from merchants. The Qpass Off-Portal Suite delivers more transparency into key metrics so that service providers and merchants can easily measure and evaluate their businesses, and service providers can apply variable controls for each merchant based on mutual agreements. The announcement was made in advance of the Mobile Marketing Forum taking place this week in Los Angeles.
VeriFone to Offer Managed Payment Services to Mexico Merchants
VeriFone Holdings, Inc. (NYSE: PAY) today announced formation of VeriFone Access to provide merchant hosted services for managing electronic payments, beginning in Mexico. VeriFone Access was formed with VeriFones investment and in partnership with Tienda-kit, an innovative Mexican third-party acquirer and merchant services provider, which now operates as VeriFone Access. VeriFone Access will offer a variety of merchant payment services in Mexico and other emerging economies. The companys first offering will be a hosted managed service platform based on a proprietary transaction handling technology and on VeriFones PAYware software products. Managed services are an increasingly important component of VeriFones strategy to broaden acceptance of electronic payment and increase the delivery of value added services, said Douglas G.
Achieving PCI Compliance in Complex Payment Networks
Today, all credit card merchants, service providers and retailers who process, store and transmit cardholder data have a fiduciary responsibility to protect that data and must comply with a diverse range of regulations and industry mandates. Payment networks are particularly at risk from computer attacks and fraud, and the more data collected, the more dangerous the situation becomes. Payment Card Industry (PCI) compliance is just one of the regulatory standards along with Sarbanes-Oxley, the Gramm-Leach-Bliley Act of 1999 and HIPAA. Not complying results in fines, legal exposure, or worse. But this is easier said than done. Immense volumes of log data are traversing payment networks, necessitating more efficient ways of managing, storing and searching through log data. For example, a typical retailer generates hundreds of thousands of log messages per day amounting to many terabytes per year.
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