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Wright Express joins PCI Security Standards Council as Newest Participating Organization
Wright Express to participate in key standards setting body protecting payment cardholder data
SOUTH PORTLAND, Maine, May 11, 2010 (BUSINESS WIRE) --Wright Express Corporation (NYSE: WXS), a leading provider of payment processing and information management services to the U.S. commercial and government fleet industry, announced today that it has joined the PCI Security Standards Council as a new participating organization. As a Participating Organization, Wright Express will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards.
The PCI DSS, endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity. More information on the Council and the standard can be found at www.pcisecuritystandards.org.
As a Participating Organization, Wright Express will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a growing community that now includes more than 500 organizations. In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity's best protection against data criminals. By joining as a Participating Organization, Wright Express, is adding its voice to the process.
"The PCI Security Standards Council is committed to helping everyone involved in the payment chain protect consumer payment data," said Bob Russo, General Manager of the PCI Security Standards Council. "By participating in the standards setting process, Wright Express demonstrates they are playing an active part in this important end goal."
"Wright Express is fully committed to the collaborative efforts of payment industry stakeholders to enhance these global security standards," said Deven Bhatt, CISO, Wright Express. "We are looking forward to providing valuable input for PCI DSS, PADSS, PIN Transaction Security, and working with technical working groups of the PCI Council to analyze and address specific industry challenges."
"Participating in the PCI Security Standards Council's efforts to develop standards across the board is a continuation of our commitment to providing our customers the most secure payment processing environment available," said Michael Dubyak, Chairman and CEO of Wright Express. "As a trusted partner to organizations worldwide, safeguarding our customers' information is one of our top priorities."
About PCI Security Standards Council
The mission of the PCI Security Standards Council is to enhance payment account security by driving education and awareness of PCI security standards. For more information, please visit www.pcisecuritystandards.org
About Wright Express
Wright Express is a leading global provider of payment processing and information management services. Wright Express captures and combines transaction information from its proprietary network with specialized analytical tools and purchasing control capabilities in a suite of solutions that enable fleets to manage their vehicles more effectively. The Company's charge cards are used by commercial and government fleets to purchase fuel and maintenance services for approximately 4.5 million vehicles. Wright Express markets its services directly to fleets and as an outsourcing partner for its strategic relationships and franchisees. The Company's business portfolio includes a MasterCard-branded corporate card as well as TelaPoint, a provider of supply chain software solutions for petroleum distributors and retailers, and Pacific Pride, an independent fuel distributor franchisee network, as well as international subsidiaries. For more information about Wright Express, please visit www.wrightexpress.com.
SOURCE: Wright Express Corporation
News media contact:
Jessica Roy, 207-523-6763
PCI Security Standards Council
Ella Nevill, 781-876-6248
Steve Elder, 207-523-7769