News
Monext’s international acquiring platform PCI DSS certified
November 2011 by Emmanuelle Lamandé
Monext’s international acquiring platform has just been PCI DSS certified (Payment Card Industry Data Security Standard). The audit was carried out by XMCO, a consulting firm for information system security.
Monext offers a global solution for the acquiring of international bank flows. Aimed at buyers (i.e. banks, financial institutions, payment institutions) and their commercial clients (in shops or online), this platform allows them to manage cross-border payment transactions made using VISA or MasterCard cards. The platform covers the full value chain: authorisation, remote data collection, monitoring, calculating merchants’ fees, accounting interface, and remittance of funds through the banking partner. It also offers multi-currency reporting services, multilingual call centres, European-wide dispute management, etc.
Monext provides banks with the means to manage the issues involved with the growth of their merchants’ international business, who will only need a single acquiring bank across all of Europe. In particular BNP PARIBAS and UNICRE (Portugal), Monext platform clients, are using the system in several European countries, including France, Austria, Spain, Ireland, Portugal, and Slovenia.
PCI DSS certification guarantees maximum-security processing for banking institutions which outsource their international acquiring services. The certification meets the international standards established by the PCI Council organisation, made up of card networks (MasterCard, VISA, American Express, etc.). It aims to set standards for the secure storage and manipulation of supplied data.
