Reston, VA and Phoenix, AZ (Vocus) February 16, 2010
Intellitactics and Element Payment Services, Inc. are pleased to announce that Element will implement Intellitactics SAFE, a leading security information and event management appliance. Element, a Level 1 PCI compliant payment company specializes in providing simple and secure processing solutions that dramatically reduce the scope of industry security requirements such as PCI DSS, PA-DSS (PABP) for both merchants and software providers. Intellitactics, an enterprise security management solution company, specializes in automating logging and event management required by PCI DSS. Intellitactics SAFE is a fully capable SIEM on one right-sized appliance. The SAFE appliances, deployed stand-alone or in combination, automate investigation and analysis of security incidents to accelerate remediation.
Element Payment Services has led the industry in PCI DSS compliant solutions since the company’s inception. The Express Processing Platform not only meets but exceeds industry compliance requirements while their suite of secure processing solutions assumes many of the risks and responsibilities of protecting sensitive data. As the first company to offer Hosted Payments, Element alleviates the need for software providers to have their applications validated for PA-DSS compliance. Element enables merchants to reduce their compliance footprint as well by leveraging the most cutting edge technologies including end-to-end encryption and tokenization.
Element Vice President, Technology, Jeff Scheller is responsible for ensuring PCI DSS compliance and security within Element’s IT infrastructure. “Intellitactices SAFE will allow us to provide even greater system availability to our customers. When evaluating service providers, one of the requirements was that the solution must allow our systems to easily meet compliance PCI DSS requirements for log management, event correlation and aggregation. We looked at several solutions and were impressed with all that the SAFE LP appliance could do from day one – a lot of event log correlation without an additional charge. There was quite a bit of out-of-the-box capability from a PCI DSS perspective. We saw the correlation and reporting in SAFE to be a big win for Element,” explained Scheller.
Michael Cerick, Intellitactics VP Sales said that Element recognized right away the value of the SAFE LP appliance. “Intellitactics has learned what companies need to be successful from our global financial services companies, from the payment card industry giant Visa and from leading edge payment services companies that we call customers. We took all that accumulated expertise and packaged it in SAFE. There are lots of SIEM choices, but SAFE is the only SIEM appliance where you need just one and you aren’t going to be surprised by some hidden cost to experience the value.”
Intellitactics helps hundreds of companies do more with logs. Besides storing logs for the prescribed retention period, SAFE transforms logs into security events that are aggregated and correlated to improve understanding of control violations, attacks by cyber criminals or malicious insiders. SAFE automates event management and enables proactive threat management and reports which provide the information required to be compliant and secure every day.
Scheller suggests that merchants often don’t understand the many aspects involved in being compliant. “There’s a steep learning curve and capital outlay for companies with PCI compliance requirements. There’s file integrity, intrusion detection and, of course, logging. Then you have to be able to consolidate all this information and make sense of it. For some organizations there isn’t the time or the in-house talent to be successful and for them Element is a perfect solution. We’re committed to provide a resilient and compliant computing infrastructure to these clients,” said Scheller.
For companies that choose to keep cardholder data in house, SAFE LP simplifies and reduces the cost of PCI DSS compliance. Cerick says that many companies are buying SAFE appliances that aren’t even subject to PCI DSS assessments. “What some companies come to realize is that compliance is not the end game. Compliance with one or more standards has made many organizations more aware of security. These organizations choose to implement a SIEM solution like SAFE to secure and protect all company information and to avoid any embarrassing security breaches that could negatively impact their employees, partners, customers and shareholders.”
About Intellitactics, Inc.:
Headquartered in Reston, VA, Intellitactics provides a suite of security incident and event management (SIEM) products for organizations of all sizes. Well-known as the provider of Intellitactics Security Manager, the optimal enterprise security management software solution for mature organizations supporting global security operations, Intellitactics now offers organizations an affordable line of security management appliances called Intellitactics SAFE. These products used stand alone or in combination, provide unparalleled packaged capability for compliance reporting, log management and threat management. Government agencies with demanding cybersecurity concerns and global security operations centers or MSSPs can effectively distribute capabilities while providing centralized control of the security infrastructure. Intellitactics SAFE won the Best Security Management Award Europe 2009. Intellitactics was the first SIEM vendor to be awarded Common Criteria Certification as a security information and event management solution. Founded in 1996, Intellitactics is backed by JMI Equity Fund LP and Lazard Technology Partners and is ranked by well-known industry analysts as a market leader known for product development, delivery and thought leadership. Visit us at http://www.intellitactics.com.
About Element Payment Services, Inc.:
Headquartered in Phoenix, Arizona, Element Payment Services, Inc. provides fully integrated PCI DSS compliant payment processing solutions to merchants through partnerships with leading business management software providers. Engineered using service-oriented architecture, Element's Express Processing Platform allows for easy integration and supports advanced technologies such as end-to-end encryption, tokenization and authentication.
Processing over $4 billion in annual transaction volume, Element's simple and secure payment solutions allow customers to easily comply with industry security requirements such as PCI DSS, and PA-DSS (PABP), significantly reducing the risk associated with handling cardholder data. Element's innovative technology, Hosted Payments, was the first payment processing solution on the market to take software providers out of scope for PA-DSS compliance requirements.
Element Payment Services, Inc. is a registered Merchant Service Provider with First National Bank of Omaha.
703 819 5658
Element Payment Services
+1 866 435 3636 ext. 1794