News Update

2C2P Receives Certification of Compliance with PCI DSS Level 1

SINGAPORE (September 20, 2012) – 2C2P Pte. Ltd., a leading provider of e-commerce payment solutions, receives certificate confirming the company’s compliance with PCI DSS (Payment Card Industry Data Security Standard) Level 1. This makes the company one of the very few payments processing companies in Southeast Asia compliant with the highest payment security standard.

In accordance with PCI DSS Council and card brands’ regulations, only merchants with over 6 million annual transactions or service providers which store, process or transmit over 300,000 transactions per annum are certified at Level 1. To pass the test, the company is required to undergo the Annual Onsite Security Audit by a Qualified Security Assessor (QSA), as well as perform quarterly network security scans.

Level 1 Certificate is an acknowledgment of 2C2P’s adherence to the highest payment security standards. Aung Kyaw Moe, 2C2P Founder and CEO commented on the news: “We’re very happy to receive confirmation of our company’s compliance with the highest security level. This certifies 2C2P’s drive to provide the most secure and robust payment solutions to our clients and is just another proof of the company’s leading position on the market”.

The onsite audit was performed by Trustwave, the leading provider of on-site security compliance services.

Following receipt of certificate, 2C2P applied to be listed on the Visa Registry of Service Providers as Level 1 compliant. The Registry can be found at respective Visa web-site (http://www.visa.com/splisting/).

About 2C2P Pte. Ltd.
2C2P (stands for Cash and Card Payment Processor) is a comprehensive payment solutions provider, transforming millions of everyday payments in Asia Pacific. The company offers solutions from traditional payment gateway to alternative cash payment processing, as well as variety of innovative payment solutions tailored for the needs of e-commerce and m-commerce merchants, banks and financial institutions of any size. Web: http://www.2c2p.com

About PCI DSS Council.
The PCI Security Standards Council is an open global forum that is responsible for the development, management, education, and awareness of the PCI Security Standards, including the Data Security Standard (PCI DSS), Payment Application Data Security Standard (PA-DSS), and PIN Transaction Security (PTS) requirements. Web: https://www.pcisecuritystandards.org

About TrustWave.
Trustwave is the leading provider of on-demand data security and payment card industry compliance management solutions to businesses and organizations throughout the world. Trustwave is one of the few companies throughout the world certified by the credit card brands to perform the full range solutions – from compliance validation to incident response to point-of-sale security. Web: https://www.trustwave.com