Named Payment Card Industry-Data Security Standard, Level 1 Payment Gateway
Walnut Creek, CA (PRWEB)June 14, 2016
YapStone, a global provider of online and mobile payment solutions for global marketplaces and large vertical markets, announced that it has completed its assessment as a Payment Card Industry-Data Security Standard (PCI DSS) Level 1 Payment Gateway, following a detailed examination by Schellman & Company, a qualified Security Assessor (QSA) by the PCI Security Standards Council. On an annual basis, YapStone contracts a licensed CPA firm to conduct a comprehensive examination to ensure credit card data is stored, processed and transmitted in a secure and protected manner.
Cardholder data security is one of the most significant issues facing the payment card industry. YapStone is focused on meeting the PCI DSS v3.1, the multi-faceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and critical protective measures in order to safeguard sensitive data.
“Our team’s main focus is to comply with and exceed expectations for PCI requirements,” says Tom Villante, YapStone’s Chairman, CEO, and Co-Founder. “We relentlessly hold ourselves to the highest standards to best serve our partners and customers.”
YapStone also completed the Statement on Standards for Attestation Engagements 16 Type #2 SSAE examination. Schellman & Company conducted the examination over a twelve-month period, which ended January 31, 2016.
“Successfully completing SSAE 16 demonstrates our relentless commitment on ensuring that we have sufficient controls in place for information security, data communications and overall infrastructure availability for our customers,” said Saran Mandair, YapStone’s VP of Production Operations and Site Reliability.
The SSAE 16 examination, formally known as a Report on Controls at a Service Organization (SOC 1), (AICPA, Professional Standards, AT sec. 801) is an attestation standard that establishes the requirements and guidance for reporting on controls at a service organization relevant to user entities’ internal control over financial reporting.
For more information, visit http://www.YapStone.com
YapStone is a global provider of online and mobile payment solutions for global marketplaces and large vertical markets. YapStone powers electronic payments for sharing economy marketpllaces, such as HomeAway® and VRBO®, and thousands of apartment and vacation rental companies, homeowners’ associations, self-storage companies, hospitality establishments and non-profits. YapStone processes over $15B in payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for eight consecutive years and named to the Forbes’ List of America’s Most Promising Companies in 2013 and 2015. YapStone has raised over $110 million from investors including Accel Partners, Meritech Capital and Bregal Sagemount. Headquartered in the San Francisco Bay area, YapStone has additional offices in Santa Monica, California and Ireland.