Successfully completing PCI Assessment provides our clients with the utmost assurance the consumer data they provide to GDR is securely protected.
Wilmington, DE (PRWEB) November 3, 2010
Global Debt Registry (GDR) has successfully achieved PCI Compliance. PCI DSS (Payment Card Industry Data Security Standard) is a data security standard established by American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa Inc. to help facilitate the adoption of consistent data security measures on a global basis.
The GDR Information Security Program includes:
-- Building and maintaining secure applications and networks.
-- Protecting confidential data at rest and in motion.
-- Implementing and maintaining strong access controls.
-- Regularly monitoring and testing applications and networks for threats and vulnerabilities.
-- Using third-party tools and service providers that are industry leaders in delivery of information security.
GDR is the only accounts receivable (AR) chain of title, data integrity, and media-management company globally assessed for PCI DSS.
“Our business is the processing, storing, and delivery of accurate consumer data,” said Greg Ousley, CEO of GDR. “PCI DSS is fundamental to our success and requires an organization-wide commitment to protecting cardholder data. GDR’s applications (DETS and DEMS), network architecture, network management, and business processes were entirely built upon the founding principal of protecting personal identification information including cardholder data. Successfully completing our PCI Assessment provides our clients with the utmost assurance the consumer data they provide to GDR is securely protected.”
GDR is the industry’s first PCI-compliant, Oracle-based AR-titling, data integrity, and media management platform. The system effectively “titles” pre and post charged-off debt, providing greater protections for consumers, reduced transactional risks, and enhanced ROI for ARM industry participants. GDR’s breakthrough technology and services provide the ARM industry with an answer to the call of regulators, judges, consumer attorneys, and politicians for a higher level of transparency and integrity throughout the recovery lifecycle.
Mark Parsells, GDR Executive Chairman, noted the immediate need for higher standards in consumer data integrity for credit card issuers. “As a former Chief Compliance Officer of the American Express US card acceptance division, and the first Chief Privacy Officer at Bank One, I have worked to implement industry-wide protocols and standards for data management. GDR is at the forefront in consumer-data integrity. We offer the industry an immediate solution through GDR’s titling of charged off debt, data integrity and media management services.”
Parsells added, “The current freeze on mortgage foreclosures pending consumer data review underscores the need for the industry to move to the GDR model. Whether the account is placed for collection or sold, it is vital Issuers and downstream participants have transparency into the security, accuracy, and integrity of data for the entire lifecycle of these accounts—confidential data. The business-as-usual attitude of ‘it’s not my problem after an account is sold’ is no longer going to be acceptable to regulators because the legal and reputational risk remains with each participant even after an account is sold or placed. We believe this transparency can only reasonably be achieved through services provided by GDR.”
For more information about PCI-DSS visit http://www.pcisecuritystandards.org. For more information about Global Debt Registry contact Greg Ousley, CEO, at 866-660–2341 ceo(at)globaldebtregistry(dot)com, or visit http://www.globaldebtregistry.com.
About Global Debt Registry
Global Debt Registry delivers significant ROI benefits to all participants in the Accounts Receivable Industry by providing the nation’s only proven AR titling solution. GDR’s solution includes a comprehensive Account Integrity Management Program, chain of title and customizable turnkey media management solutions. The primary purpose of the registry is to maintain the integrity of traded data (validated debt), maintain accurate ownership (chain of title), and provide automated access for maintaining media integrity and customizable media fulfillment both in the performing and non-performing ARM industry markets.
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