"PCI compliance ensures a high level of security for credit card
transactions conducted over TIO's Network"
BURNABY, BC, Nov. 27 /CNW/ - TIO Networks Corp., North America's leading
automated bill payment and financial services network (TSX-V: TNC) is pleased
to announce that it has achieved full compliance to PCI DSS, the Payment Card
Industry Data Security Standard, developed to protect sensitive cardholder
information and prevent credit card fraud.
PCI DSS was developed globally to ensure merchants and service providers
adopt best practices to enhance their payment account security. It was
developed in 2004 by the card association, which includes: American Express,
Discover Financial Services, JCB, MasterCard Worldwide and Visa International.
For more information about the PCI DSS visit www.pcisecuritystandards.org.
Being PCI compliant assures that TIO's bill payment and financial
services products and solutions are protected by the industry's highest
"The PCI DSS's technical requirements were utilized as part of the
security blueprint for our new processing architecture and we have drawn from
the policy and procedure requirements of the standard to ensure the processes
around our software development and support models are best of breed," said
Steve Barha, CIO of TIO Networks Corp.
"We understand the significance of the relationship between commerce and
security and as such have invested heavily to ensure we execute and manage our
enterprise in accordance with this leading standard," said Hamed Shahbazi, CEO
of TIO Networks Corp.
About TIO Networks Corp.
TIO Networks Corp. is a socially responsible provider of non-bank
financial services for the cash-preferred marketplace. TIO powers the largest
and most convenient national network of cash accepting ATMs for bill payment
and prepaid services for the 'cash preferred' consumer marketplace in North
America. TIO also processes bill payment services to POS sale systems, web
enabled PCs and other device solutions. TIO symbolizes safe secure access to
key financial services. For more information, please visit www.TIOnetworks.com
The TSX Venture Exchange has not reviewed this news release and does not
accept responsibility for its adequacy and accuracy.
For further information:
For further information: Behshad Hastibakhsh, Media Relations - TIO
Networks, Tel: (604) 298-4636, Ext. 250, Toll Free: (888) 679-3322, Email:
pr@TIOnetworks.com; John Lewis, Business Development - TIO Networks, Tel:
(416) 364-2266, Email: jrlewis@TIOnetworks.com