Dynamic Card Solutions' CardWizard Named First Instant Issuance Software to Achieve Rigorous Visa Payment Application Best Practices Validation.ENGLEWOOD, Colo. -- Dynamic Card Solutions (DCS (1) See also DSC. (2) Digital Cross-connect System) A network switching and grooming device used by telecom carriers. See digital cross-connect. ), developer of CardWizard([R]), the leading instant issue and PIN selection software application for financial institutions, today announced that CardWizard is the first instant issuance application in the financial marketplace to have validated compliance with Visa[R] Payment Application Best Practices (PABP PABP Payment Application Best Practices (credit card processing standard) PABP Polyadenylate-Binding Protein ). This accreditation recognizes CardWizard for meeting Visa's recommended security standards to help protect cardholders from fraud, security breaches and hacking. "As the instant card commerce industry grows, security standards put in place by Visa and other associations ensure that all cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold data as well as online and store transactions remain
confidential," said Ron Zanotti, vice president, sales and
marketing, of DCS. "CardWizard was designed to enable financial
institutions to improve the customer experience with immediate access to
credit, debit and prepaid cards by instantly issuing those card products
in-branch. Our validation with PABP ensures that our industry-leading
CardWizard application is doing instant issuance securely in accordance
with Visa best practices."
Visa's accreditation program defines payment application best practices that are considered to be the industry standard for the data security of payment applications and is driving the trend amongst card companies. Visa developed PABP to assist software vendors in creating secure payment applications that help ensure merchant compliance with the PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). Data Security Standard. Adherence to Visa's PABP requires participating payment application vendors to conduct an extensive independent assessment by a Visa-approved independent security assessor. This audit looks at all areas that might pose security threats for issuers and customers and examines details such as how customers select a pin, how the application transfers information from the branch to the server, and how the software transmits data to the card personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. device. About Dynamic Card Solutions Founded in 1996 and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Dynamic Solutions International, Dynamic Card Solutions is an innovative developer of instant issuance and PIN selection solutions for banks, credit unions and retailers. Dynamic Card Solutions is the leading instant issuance provider for Visa[R] and MasterCard[R] debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company offers fully integrated solutions that allow financial institutions and retailers to quickly and securely issue ATM, debit and credit cards instantly at branch or store locations. Issuing cards instantly increases customer service, card sales and revenue, and eliminates current card issuance costs. Dynamic Card Solutions' system includes a user-friendly administration component that provides full reporting, card inventory and more. All solutions utilize DES encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. and are compliant with recommended security procedures for instant issuance. For additional information, call 1-800-641-5215 or visit the Dynamic Card Solutions Web site at www.instantissuance.com. |
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