Transaction Network Services (TNS), a payment infrastructure-as-a-service (IaaS) provider, announced it is celebrating 15-years of PCI Data Security Standard (PCI DSS) compliance. As an early adopter taking guidance from the PCI Security Standards Council (PCI SSC) and working collaboratively with Qualified Security Assessor (QSA) Viking Cloud, TNS has complied with, and contributed to, secure payment standards compliance since 2007.
Why are PCI standards critical in the payments space?
The pandemic, new market entrants and methods of payment, digital transformation and cloud migration have changed consumer behavior and accelerated new payments adoption. At this tipping point, the PCI standards remain embedded in the ecosystem where data security has become a more collaborative responsibility, and where compliance has evolved from an isolated IT expense to a more vital investment in people, process, and technology.
The scope of the standards has increased exponentially since the card brands first came together to form the Security Standards Council in 2006. PCI DSS 4.0 has taken years to develop and will modernize payments security when it goes into effect in January 2024.
Commenting on Transaction Network Services, Kevin Pierce, Chief Operating Officer at Viking Cloud, said, “We’ve worked with TNS as their security assessor since the beginning, through every evolution of the PCI standard, multiple acquisitions and digital transformation.”
What does the partnership mean for TNS?
“TNS is pleased to be celebrating a decade and a half of flawless performance, processing billions of transactions in compliance with PCI standards that assure secure global commerce. This milestone is a testament to our commitment to make payments more secure and easy for our customers,” commented John Tait, TNS’ Global Managing Director, Payments Market.
“As one of the first PCI-compliant IaaS providers, we’re poised to lead the industry through the complexities of payments automation and compliance with the PCI DSS 4.0 standard.”
“We’ve achieved this success through collaboration and promise of compliance across the global ecosystem. We are proud of our success in providing secure connectivity across millions of consumer touchpoints,” commented Umer Ayub, Chief Risk Officer at TNS.