Edison, NJ (PRWEB) September 21, 2010
3i Infotech, a global information technology and transaction services company, announced today that its entire suite of Transaction Management System (TMS) software has been certified as Payment Application Data Security Standard (PA-DSS) compliant.
"At 3i Infotech, we take compliance and data security very seriously," said Bala Natraj, Chief Technical Officer at J&B Software, a 3i Infotech subsidiary. "We are among the first lockbox providers to achieve this certification, and we are pleased to offer in-house, outsourced and hybrid solutions that comply with this standard, meaning that we can efficiently and securely meet any organization's payment processing needs."
TMS, developed by J&B Software, combines both retail and wholesale remittance transaction processing in a single platform. It is the most comprehensive payment processing system available. The solution has been installed by hundreds of organizations in the financial, credit card, insurance, public sector, transportation and other industries.
As of July 1, 2010, merchants have been required to ensure that all of their third-party software providers use applications that are PA-DSS compliant. This includes any software application that stores, processes or transmits cardholder data electronically. Regulus Group, another 3i Infotech subsidiary, is also PA-DSS compliant.
About 3i Infotech:
3i Infotech (http://www.3i-infotech.com) is one of India's leading IT companies and among the top 3 Indian Software Products Companies.* The Company provides Technology, Transaction Services and BPO solutions (including Billing, Remittance Processing, Document Imaging, Managed IT Services, Application Software Development & Maintenance, Business Intelligence, Infrastructure Management, Testing, IT Staffing, Operations Outsourcing and IT Consulting) for the Insurance, Banking/Financial Services, Telecommunications, Government/Public Services, Utilities, Manufacturing, Healthcare/Life Sciences, and Retail industries. The Company services customers in over 50 countries across 5 continents.
The Company's quality certifications include SEI CMMI Level 5 for Software business, ISO 9001:2000 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Center Management Services.
3i Infotech is a member of the FinTech 100 and on the WorldBlu List of Most Democratic Workplaces.
*Source: Dataquest, August 2009
Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.