New PaymetricSecureTM Initiative Elevates Security Best Practices, Compliance and Innovation Across Paymetric
Paymetric co-founder Ariel Mendiola to lead comprehensive security initiative; Security solutions leader FishNet Security to serve as advisor.
HOUSTON - November 16, 2006 - Recognizing that exacting security measures must reside at the core of all payment card management and innovation, Paymetric has instituted PaymetricSecureTM, a comprehensive initiative that instills a security-centric focus across Paymetric's culture, business practices and products. Paymetric co-founder Ariel Mendiola, who presently serves as the company's Vice President of Services, has accepted the additional responsibility of Security Officer and will oversee implementation and ongoing management of the PaymetricSecure initiative. Paymetric has also retained FishNet Security, one of the nation's most respected security solutions provider, to provide strategic assessment and support.
"Many providers declare that their solutions are secure, yet few dedicate the time and resources necessary to ensure that a commitment to security is woven into the fabric of their organization," said Jeff Yestrumskas, CISSP, Senior Security Consultant at FishNet Security. "We applaud Paymetric for boldly taking a leadership role in payment security through the PaymetricSecure initiative, and we look forward to supporting their efforts."
PaymetricSecure formalizes and strengthens Paymetric's longstanding commitment to security through three core programs:
- Security Best Practices incorporates proven security processes, tools and partnerships into Paymetric business processes. The Security Best Practices program will include quarterly security audits, the engagement of third party security advisors, partnerships with recognized security experts, a formal Corporate Security Framework based on ISO 17799, and ongoing employee education about established and emerging security practices.
- Security Compliance will ensure that Paymetric remains on the leading edge of product-level and company-level compliance within the card industry. Through its Security Compliance program, Paymetric is pursuing key certifications for its products, including CISP, PCI, PABP, and VISA data center compliance.
- Security Innovation focuses on Paymetric providing innovative enterprise class solutions to meet the data security needs of customers. Data encryption remains an area of expertise for the company and is the foundation from which innovative products and solutions will flourish.
"Paymetric has been fully committed to the highest security standards since its inception nearly a decade ago," said Steven Putney, President and CEO of Paymetric. "As our organization continues to grow, PaymetricSecure ensures our customers that we will diligently adhere to the most stringent security standards and join other industry leaders in defining future security measures. As Paymetric's co-founder, Ariel Mendiola has been a driving force behind our security programs. He is the ideal individual to lead this elevated initiative."
About Paymetric, Inc.
Paymetric, Inc. provides Enterprise Payment Solutions that enable companies to improve working capital management, reduce operating costs and risks, and expand and protect revenues. Paymetric streamlines enterprise payment processes within the financial supply chain by embedding card payment and acceptance capabilities into existing business processes and systems. Paymetric is an Austin Ventures portfolio company and an award-winning SAP partner. Visit www.paymetric.com for additional information.
Contact: Tim Girgenti, VP Marketing, 713.895.2000, tgirgenti@paymetric.com
