POSH from Fiserv Meets Highest PCI-Certification Standards to Deliver Secure Payment Transaction Processing

  • Security and Compliance , Payments
  • 31.05.2017 02:15 pm

 Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today the latest version of POSH™ from Fiserv, a robust and flexible switch solution for payment transactions, has achieved the highest level of PCI Payment Application Data Security Standard (PA-DSS) certification (version 3.2.) Certified for the next five years, POSH is one of few payment gateway/switch solutions to meet this standard globally.

The PA-DSS program is comprised of a stringent set of technical and operational qualifications for software vendors with the overall objective of safeguarding customer data. By choosing a PA-DSS certified application such as POSH, payment providers can help ensure the security of their customer’s data, support the overall PCI-compliance for their organization and provide confidence for consumers to make secure payments.

”Keeping money and information safe is a fundamental promise financial providers make to their customers. Our clients can deliver on that promise by using POSH, the payment processing platform that complies with the most robust security standard of the payment industry," said René Salazar, managing director, Latin America, Caribbean and Canada, Fiserv. “In a world of rapidly changing risks and regulations, Fiserv offers solutions to help our clients protect their data, manage compliance, and prevent criminals from impacting their business.”

Available to organizations outside the U.S., including U.S. territories, POSH can be used as a standalone solution for terminal management, payment, authorization and switching or as an addition to an existing legacy payment infrastructure. Supporting multiple global currencies, the solution helps ensure a transaction is delivered to the issuer or network with full compliance, meeting all PCI security standards.

The latest version of POSH supports EMV™ chip card issuing and acquiring and supports new payment technologies, such as mobile payments (mPOS). In addition, POSH has adaptable integration capabilities that permit clients to offer a range of multichannel transactions to consumers.

Fiserv offers high availability options to help ensure constant, real-time authorization. Through its stand-in processing module, it can also provide availability during both planned and unscheduled outages. Running on a cost-effective, Windows-based server platform, POSH can help clients reduce investment risk and improve operating efficiency.

Fiserv offers secure, robust and reliable solutions that meet the complex processing needs of payment switch providers, financial institutions, merchants, cash in transit operators and third-party processors. Worldwide, Fiserv supports more than 12,000 clients in over 80 countries with more than 23,000 associates and moves more than $1.5 trillion each year on behalf of its clients.

In a world that is moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.

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