Information Security Webinar Announced: "How Credit Card Number Tokenization Can Reduce PCI Compliance ScopeOand Data Protection Costs".WILMINGTON, Del. -- Electronic Payment Exchange ("EPX"), (www.epx.com) a leading international provider of end-to-end fully-integrated payment processing, announced today that it is co-producing a special educational webinar with the PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). Knowledge Base on Wednesday, July 22, 2009 beginning at 1:30 p.m. EDT: "How Credit Card Number Tokenization Can Reduce PCI ScopeOand Data Protection Costs." Hosting the discussion will be Dr. David Taylor, CISSP (Certified Information Systems Security Professional) The award for successful completion of an examination in computer security administered by the International Information Systems Security Certification Consortium (ISC)2. , founder of The PCI Knowledge Base (www.pciknowledgebase.com) and previously a long-time Gartner Group senior analyst. Co-presenting will be Matt Ornce, COO and Chief Security Officer of EPX. Dr. Taylor will present the latest research on what leading organizations are thinking about tokenization as a solution, and review the timely debate over end-to-end encryption vs. credit card data "tokenization." Mr. Ornce will discuss the key criteria to be considered when evaluating cardholder data replacement as an alternative to full encryption. Registration is open to all interested persons by going to: http://www2.gotomeeting.com/register/972234370. For further registration or topic information, participants can call EPX at 302-246-3110 or email: buyerwall@epx.com. After the event, the webinar can be viewed at www.epx.com. Issues addressed will include: * Why is encryption not always a total solution, especially for larger organizations? * How can merchants operate without cardholder data in their environments? * What is true "end-to-end" tokenization...and what are the different ways to implement it? * What types and sizes of organizations will benefit most from tokenization? * What are the different approaches to creating secure replacement value reference algorithms? * Should replacement values be created and managed internally, or by a payment processor? * How is tokenization priced, and why it can dramatically reduce the cost of card data protection? About The PCI Knowledge Base The PCI Knowledge Base is the largest independent research community of organizations focused on the Payment Card Industry (PCI), its Data Security Standards (DSS), as well as the business processes, technologies and issues relating to the security of payment data and how these standards relate to other data security and compliance topics, such as Sarbanes Oxley, HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, , CobiT, COSO COSO Committee of Sponsoring Organizations of the Treadway Commission COSO Church of Spiral Oak COSO Corporate South COSO Class of Service Override COSO Combat Oriented Supply Operations (USAF) , ITIL (Information Technology Infrastructure Library, www.itil.co.uk) One of the more comprehensive as well as non-proprietary and publicly available sets of guidelines for "best practice" IT services management, owned by the British Office of Government Commerce (OGC). and the impact of security breaches, identity theft and credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. . About Electronic Payment Exchange (EPX) Founded in 1979, Electronic Payment Exchange ("EPX") is a global provider of fully integrated, end-to-end payment solutions for merchants across all distribution channels. EPX offers a full range of payment processing services for leading merchants, retailers, e-tailers and banks in the United States, Canada, Europe, Latin America and the Caribbean. EPX is fully compliant with VISA "CISP CISP Cardholder Information Security Program (Visa) CISP Comitato Internazionale per lo Sviluppo dei Popoli CISP Certified IRA Services Professional (American Bankers Association) ," MasterCard "SDP (Session Description Protocol) An IETF protocol that defines a text-based message format for describing a multimedia session. Data such as version number, contact information, broadcast times and audio and video encoding types are included in the message. " and PCI DSS ver. 1.2, Level 1. BuyerWall[TM] is a patent-pending technology integrated throughout EPX's processing platform. BuyerWall lets merchants operate normally without credit card transaction data ever in their systems. From the point of sale, all credit card data is replaced by BuyerWall "BRICs" - GUID (Globally Unique IDentifier) A pseudo-random 128-bit number that is computed by Windows and Windows applications in order to identify any component in the computer that requires a unique number. ("globally unique identifier A Globally Unique Identifier or GUID (IPA pronunciation: ['gu.ɪd] or [gwɪd] ") reference codes that are undecipherable in the merchant's environment. Since they are not derived from the credit card numbers, BRICs have no street value if the merchant is breached. EPX is the only full front-end and back-end In their most general meanings, the terms front end and back end refer to the initial and the end stages of a process flow. These terms acquire more special meanings in particular areas. settlement processor in the payment industry offering complete data replacement services. For more information on EPX, or to learn how BuyerWall simplifies PCI DSS compliance, visit www.epx.com, www.dontbethenextheadline.com/cfo.php or contact EPX at sales@epx.com or by calling 302-246-3110. Electronic Payment Exchange (EPX) 650 Naamans Road, Suite 302 Wilmington, DE 19703 www.epx.com |
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