FSV Payment Systems Ltd Makes Visa USA's List of CISP Compliant Service Providers

Business Wire, June 7, 2004

Business Editors/High-Tech Writers

HOUSTON--(BUSINESS WIRE)--June 7, 2004

FSV Payment Systems Ltd announced today that it had just been added to Visa U.S.A. Inc.'s List of CISP Compliant Service Providers.

The Cardholder Information Security Program (CISP) establishes a set of twelve industry-wide requirements designed to protect sensitive information. Being added to Visa's list of CISP compliant service providers demonstrates FSV's commitment to protecting the confidentiality and integrity of cardholder data and personal data used to make purchases from merchants using the FSV payment gateway.

"We are dedicated to providing the highest level of security possible to our clients and cardholders," said Eric Miller, chief executive officer at FSV. "Achieving compliance with the Visa U.S.A. Cardholder Information Security Program demonstrates that we have satisfied all of their requirements designed to protect our cardholders' private, personal data."

The twelve requirements of Visa's CISP include such security mainstays as installing and maintaining working firewalls to protect data, keeping security patches up-to-date, protecting stored data, encrypting data sent across public networks, using and regularly updating anti-virus software, restricting access by "need to know," assigning unique IDs to each person with computer access, excluding vendor-supplied defaults for passwords and security parameters, tracking all access to data by unique ID, regularly testing security systems and processes, implementing and maintaining an information security policy and restricting physical access to data.

Compliance status is for one year, renewable depending on a company's meeting of all twelve requirements at the revalidation due date.

"Yearly revalidation just keeps everyone on their toes," continued Miller. "It should not be a problem when a company establishes high standards and then holds itself accountable to those standards, as is the case with FSV."

ABOUT FSV PAYMENT SYSTEMS LTD

FSV Payment Systems offers a robust suite of unique, host-based stored-value and payroll debit card solutions direct to large employers and to financial institutions through an exclusive agreement with Fiserv Inc. (Nasdaq:FISV). The FSV processing platform is both proprietary and configurable, allowing for the delivery of both standard and non-standard programs based on consumer requirements. For more about payroll debit cards and the delivery of paperless payroll, go to the American Payroll Association Online Payroll Debit Card Resource Center: www.americanpayroll.org, and click the navigation button for FSV Paycard Info. For more about FSV, go to www.fsvpaymentsystems.com, www.paychekplus.com or www.payrolldebitcards.com.

ABOUT VISA USA

Visa is the world's leading payment brand and largest payment system, enabling banks to provide their business, consumer and merchant customers with a wide variety of payment alternatives. Nearly 21,000 financial institutions worldwide rely on Visa's processing system, VisaNet, to facilitate $2.5 trillion in annual transaction volume with virtually 100 percent reliability. Within the U.S., nearly 14,000 financial institutions issue 429 million Visa cards, accounting for more than $1.1 trillion in annual transaction volume. And for business and government agencies, Visa offers trusted, reliable solutions that meet their many commercial payment needs -- for virtually any purchase type, any situation or any business process. Plus, Visa delivers comprehensive transaction data such as invoice-related line-item detail and enhanced data on airline, hotel and car rental payments. These core capabilities, plus other value-added Visa services, help businesses and government agencies streamline operations, reduce overall costs and improve cash flow for better management of their payment processes. Visa's commercial solutions offer the best way for businesses and the public sector to pay and be paid.