Business Services Industry
Jefferson Wells Authorized as Payment Card Industry Qualified Data Security Company by Visa USA
Business Wire, March 23, 2006
MILWAUKEE -- Jefferson Wells, a rapidly growing, global provider of accounting, technology risk and finance-related services, today announced it has been authorized by Visa USA as a Payment Card Industry (PCI) Qualified Data Security Company. Having been recognized by Visa USA, Jefferson Wells is now able to perform on-site security audits for merchants and processors who accept and process payment cards.
In June 2001, Visa USA introduced the Cardholder Information Security Program to help protect cardholder data wherever it resides in the Visa payment system. The program is intended to ensure that members, merchants and service providers maintain the highest information security standard.
"We are proud to be recognized by Visa USA as a Payment Card Industry Qualified Data Security Company," says Karl Kispert, solutions director of technology risk management for Jefferson Wells. "Protecting the credit information of our customers is one of our top business priorities, especially in light of the recent string of information security breaches, identity theft cases and various other fraudulent acts. We work with our clients to assess and prevent any possible incidents of fraud, before they happen, and this accreditation allows us to provide further value to our clients."
Jefferson Wells has been practicing fraud risk assessments with its clients for years, and due to the recent flurry of fraud cases, has seen a heavy increase in its technology risk management engagements. The firm has succeeded in helping its clients examine the internal controls specifically created to deter and detect fraud. Through a technology risk assessment, Jefferson Wells is helping its clients with the systems and controls to institute a companywide policy of zero tolerance for fraud and abuse.
To be recognized as a PCI Qualified Data Security Company, a security company must meet or exceed a number of requirements, outlined by Visa USA including:
--Business stability: The qualifying company must be subject to a review that primarily focuses on business stability and credit history. It must be recognized as a legal entity and it must adhere to ethical standards and best practices and be free of fraudulent or criminal activity.
--Independence: The qualifying company must meet requirements that limit sources of influence that might compromise the qualifying company's independent judgment in performing assessments.
--Insurance coverage: The qualifying company must have the minimum insurance coverage to back up the indemnity clause found in the "PCI Qualified Data Security Company Agreement."
Jefferson Wells is a global provider of professional services in the areas of risk, controls, compliance and financial process improvement. The firm specializes in internal audit, technology risk management, tax, and accounting and finance. From its 45 offices, it serves the middle-market through Fortune 1000 companies, including more than half the Fortune 500.
Jefferson Wells is an independently operating, wholly owned subsidiary of Manpower, Inc. (NYSE:MAN) www.jeffersonwells.com.
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