3PV® Achieves Enterprise-Wide SAS-70 Type II Certification for Secure, Reliable Operations

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Rigorous Certification Reaffirms 3PV’s High Quality Operational Standards and Controls.

As a hosted services provider, it’s essential for our customers to have effective controls, standards and infrastructure in place to completely protect their data.

3PV® – Third Party Verification, Inc., a leader in third party verification services, today announced that it has successfully completed an enterprise-wide Statement on Auditing Standards No. 70 (SAS-70) Type II audit, which assesses the operational effectiveness of internal controls within service organizations. The audit provides assurance that 3PV employs uniform and reliable operational controls to safeguard customer data, meeting the strictest industry standard. 3PV completed the SAS-70 Type I audit in June 2009.

The SAS-70 Type II 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 3PV’s commitment to delivering value to our customers and exceeding their expectations. As a hosted services provider, it’s essential for our customers to have effective controls, standards and infrastructure in place to completely protect their data,” said Steven Cardillo, 3PV’s chief financial officer. “We feel strongly that our processes and transactions fall under the same scrutiny. It is very important that our clients feel that we have their best interest in mind.”

“It’s important to 3PV’s customers that we have safeguards in place to protect the security, privacy and sensitivity of their data, and completing an enterprise-wide SAS-70 Type II audit provides further validation and assurance of that,” said David Brinkman, 3PV’s chief executive officer. “We are proud of this very significant investment in time and resources and know it significantly sets us apart from our peers and competitors.”

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.

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Sharon Fleischer
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