by Lisa Banks

Optus Business SmartPay awarded PCI DSS compliance

Aug 09, 20112 mins
ComplianceData and Information SecurityTelecommunications

Optus has been awarded PCI DSS compliance for its Business SmartPay system, making it the first telco to achieve such a status in Australia and New Zealand.

The bill managed payment solution, developed for financial institutions and retailers, was certified by Vectra Corporation after it successfully met compliance requirements.

Optus Business’ acting director of fixed products and marketing, Trudy Holtzhausen, said the telco wanted to give its customers in the financial sector added peace of mind.

“As the payments partner for many leading financial institutions, Optus wants to help its customers stay at the forefront of security standards,” she said.

“We have invested a significant amount of time and resource to achieve PCI DSS compliance for Optus Business SmartPay so our customers can give their customers greater assurance that their financial data is safe.”

As part of the certification, Optus is required to maintain an information security policy, as well as monitor and test its networks as part of its vulnerability management plan.

While earthwave was the first Australian company to achieve PCI DSS compliance status in 2009, CIOs have only been under pressure to comply with standards since last year.

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