Rahaxi, Inc.'s Finnish Subsidiary Rahaxi Processing Oy Achieves Full PCI DSS 1.2 Compliance
Rahaxi, Inc. an international card payments processor and technology company, today announced that its wholly owned subsidiary, Rahaxi Processing Oy has successfully renewed its PCI-DSS compliance in Finland.
This achievement of PCI compliance demonstrates that Rahaxi has met the stringent compliance requirements of
the Payment Card Industry Security Standards Council (https://www.pcisecuritystandards.org/).
PCI-DSS is a set of industry-wide requirements and processes (instituted by Visa, MasterCard, Diners, AMEX,
JCB and Discover) that ensure the security of valuable cardholder account data. PCI-DSS includes
requirements for security management, policies, procedures, network architecture, software design and other
critical protective measures.
Vivian Duff, Business Manager of CEMEA Region at Sysnet. commented: "Achievement of PCI-DSS 1.2 proves
that Rahaxi has followed international best practices to properly protect the sensitive cardholder data and
minimize risk of financial losses to the cardholders and/or the companies that are storing, processing or
transmitting the cardholder data."
He also added: "This certification attests to the integrity and security of Rahaxi's systems and environment. It
provides independent verification that Rahaxi's information-handling processes have undergone in-depth audits
by a vendor neutral Qualified Security Assessor, such as Sysnet. This is the third consecutive year that Rahaxi
has been assessed and certified, thus demonstrating a consistent track record for maintaining the highest
levels of certification for those operating in the Payment Card Industry. Sysnet congratulates Rahaxi on
achieving the PCI-DSS certification and demonstrating its commitment to deliver secure services to its clients."
Ciaran Egan, Chief Financial Officer, added: "The successful renewal of PCI-DSS compliance by Rahaxi for a
third consecutive year further demonstrates our continued investment in our technical infrastructure together
with our continuous commitment to meeting the leading standards in the payment industry. It clearly provides
confidence to our expanding customer base and assures our clients that we are continuing to deliver high
quality solutions inline with international best practices. PCI-DSS compliance is an important factor in assisting
the Company in achieving consistent future revenue growth.