The SAS-70 audit is the definitive overview by which a service provider can validate its operating effectiveness
Orlando, Fla. (PRWEB) August 11, 2009
3PV® - Third Party Verification, Inc., a leader in third party verification services, today announced its successful completion of an enterprise-wide SAS-70 Type I audit, demonstrating 3PV's commitment to safeguarding customer data by meeting the strictest industry standard.
The SAS-70 Type I certification designates that adequate controls and safeguards are in place and operating effectively in regards to customer data that is hosted or processed by 3PV. These high quality operations are required today by all industries, particularly by organizations that deal with financial transactions or critical data.
The SAS-70 audit, issued by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA), defines the professional standards used by a service auditor to assess the internal controls of a service organization. It was developed for service providers who wish to demonstrate the establishment of effectively designed control objectives and control activities, and has become one of the most widely recognized auditing standards for service organizations.
The scope of 3PV's SAS-70 audit is not exclusive to its world-class, mission critical data center; it incorporates controls from every aspect of 3PV's operational process, including: human resources, information technology physical security, information technology logical security, client provisioning and account maintenance, accuracy and timeliness of transaction processing, application development, testing and change management, and statutory compliance.
"Achieving SAS-70 compliance demonstrates our commitment to protecting our customers' sensitive data," said David Brinkman, 3PV's chief executive officer. "3PV customers can feel confident regarding the controls that we maintain, ensuring the security of customer data and providing the highest level of integrity. We are proud of this very significant investment in time and resources and know it significantly sets us apart from our peers and competitors."
Ongoing SAS-70 auditing will continue to reassess and improve 3PV's security and compliance best practices. SAS-70 Type II certification is expected to be completed in early 2010.
"The SAS-70 audit is the definitive overview by which a service provider can validate its operating effectiveness," says Steven Cardillo, 3PV's chief financial officer. "Earning Type II certification of our services facilities will illustrate our dedication to the highest standards of service for our customers."
About 3PV® - Third Party Verification, Inc.
3PV is a cutting-edge information technology company that specializes in creating one-of-a-kind break-through solutions for complex business challenges. The company is widely respected as the leader in speech-enabled, live-agent and online third party verification (TPV) for service providers. The company was the first to employ speech-enabled verification, an integrated call-back solution, a full-time regulatory compliance officer and a patent-pending eLOA® (electronic letter of agency). With documented industry-leading verification completion rates higher than 95%, all 3PV verification solutions meet or exceed FCC, FTC and state requirements for carrier, utility and commercial services. 3PV's state-of-the-art carrier-grade facility ensures service uptime, security and reliability. For more information about Third Party Verification, Inc. visit http://www.3PV.com.