Usio and ControlScan – Partnering to Streamline Payment Facilitators’ PCI Compliance
October 01 2019 - 9:00AM
Usio (Nasdaq: USIO), a tech-enabled payment solutions provider,
today affirmed its ongoing commitment to improving its ability to
help its payment facilitator clients reduce their payment security
risk. As such, Usio will continually strengthen its partnership
with ControlScan, a leader in managed security and compliance
solutions that help secure IT networks and protect payment card
data.
Vaden Landers, EVP and Chief Revenue Officer at Usio, said,
“Usio is committed to assuring that its clients are provided with
the best payment security risk protection available. Consequently,
over a year ago we integrated ControlScan’s
technologically-advanced payment card data security and compliance
solutions into our industry-leading payment facilitation technology
to assure our clients that their data consists of and maintains the
highest level of protection. This is a critical tool in assisting
ISV’s and other merchants who leverage our payment facilitation
platform in achieving and maintaining their Payment Card Industry
Data Security Standard (PCI DSS) compliance as part of our
PayFac-in-a-Box implementation. ControlScan’s platform simplifies
the complexity and increases the scope of compliance inherent in
the payment facilitator business model.”
“Our ISV customers are focused on developing innovative
software, meaning they rely on us to protect them from the
potential security-related risks of payments processing. Our
partnership with ControlScan enables us to integrate a security
platform that addresses the inherent risks, effectively alleviating
and mitigating any concerns of our ISVs, and more importantly their
software users, which are provided with a path to compliance with
the PCI DSS directives. In fact, we streamlined the SAQ and
questionnaire processes that are now universally implemented by
ControlScan and used by its downstream customers. Payment
facilitators can also take advantage of ControlScan’s PCI Qualified
Security Assessors (QSAs) to conduct a formal IT risk assessment as
well as become ControlScan certified as a PCI DSS Level 1 Service
Provider. These are all very strong endorsements of the
security with which they operate,” Landers went on to say. Matt
Loos, executive vice president of business development,
ControlScan, said, “Our partnership with Usio has been beneficial
to all of their ISVs as well as their software developer clients
who have adopted Usio’s payment technology. Over the past
year we have been guiding Usio’s ISV customers through a
best-practices approach to maintaining not only their own
compliance and security, but to extend that compliance and security
to the many end users of the ISVs that have integrated to and
implemented Usio’s PayFac-in-a-Box solution.” About
ControlScan ControlScan managed
security and compliance solutions help secure IT
networks and protect payment card data. Thousands of businesses
throughout the U.S. and Canada partner with us for easy,
cost-effective access to the expertise, technologies and services
that keep cyber criminals and data thieves at bay. With highly
credentialed cybersecurity and compliance experts, 24x7 managed
detection and response, advanced endpoint protection, managed UTM
firewall services, ASV vulnerability scanning, QSA and HIPAA
assessments, security penetration testing, PCI compliance programs
and more, we’ve got your back. For more information
visit ControlScan.com.
About Usio, Inc.Usio, Inc. (Nasdaq: USIO), a
leading integrated payment solutions provider, offers a wide range
of payment solutions to merchants, billers, banks, service bureaus,
and card issuers. The Company operates credit, debit/prepaid, and
ACH payment processing platforms to deliver convenient, world-class
payment solutions and services to their clients. The strength of
the Company lies in its ability to provide tailored solutions for
card issuance, payment acceptance, and bill payments as well as its
unique technology in the prepaid sector. Usio is headquartered in
San Antonio, Texas, and has offices in Austin, Texas and Franklin,
Tennessee, just outside of Nashville.
Websites: www.usio.com, www.singularpayments.com,
www.payfacinabox.com, www.akimbocard.com, and www.ficentive.com.
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Forward-Looking Statements Disclaimer
Except for the historical information contained herein, the
matters discussed in this release include forward-looking
statements which are covered by safe harbors. Those statements
include, but may not be limited to, all statements regarding
management's intent, belief and expectations, such as statements
concerning our future and our operating and growth strategy. These
forward-looking statements are identified by the use of words such
as "believe," "intend," "look forward," "anticipate," "schedule,"
and "expect" among others. Forward-looking statements in this press
release are subject to certain risks and uncertainties inherent in
the Company's business that could cause actual results to vary,
including such risks related to the realization of the anticipated
opportunities from the Singular acquisition, the management of the
Company's growth, the loss of key resellers, the relationships with
the Automated Clearinghouse network, bank sponsors, third-party
card processing providers and merchants, the security of our
software, hardware and information, the volatility of our stock
price, the need to obtain additional financing, risks associated
with new tax legislation, and compliance with complex federal,
state and local laws and regulations, and other risks detailed from
time to time in the Company's filings with the Securities and
Exchange Commission including its annual report on Form 10-K for
the fiscal year ended December 31, 2018. One or more of these
factors have affected, and in the future, could affect our
businesses and financial results in the future and could cause
actual results to differ materially from plans and projections. We
believe that the assumptions underlying the forward-looking
statements included in this release will prove to be accurate. In
light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by us or any
other person that our objectives and plans will be achieved. All
forward-looking statements made in this release are based on
information presently available to our management. We assume no
obligation to update any forward-looking statements, except as
required by law.
Contact
Investor Relations:
Joe HassettGregory FCAjoeh@gregoryfca.com484-686-6600
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