As part of the deal, Verizon Wireless helps ensure that Payboxs virtual electronic and card present payment services comply with PCI DSS international payment card industry data-security standards.
Verizon Business professional consultants have provided audit, management and implementation services to enable Paybox to renew its PCI DSS international payment card industry data-security standards, including a review of its existing policies to identify areas of non-compliance.
Paybox Services provides payment services in more than 40 countries, processing 8 million payment transactions every month. The Paybox system, a virtual electronic payment terminal, is set to support e-commerce transactions by processing electronic payments from multiple sources such as call and data input centers, WAP and i-mode, interactive voice servers and e-commerce sites.
Verizon issued the Verizon Payment Card Industry Compliance Report, in October 2010 to report on the state of compliance with the PCI DSS.
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