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
Media contacts
Wright Express
News media contact:
Jessica Roy, 207-523-6763
Jessica_Roy@wrightexpress.com
or
PCI Security Standards Council
Ella Nevill, 781-876-6248
enevill@pcisecuritystandards.org
or
Investor contact:
Steve Elder, 207-523-7769
Steve_Elder@wrightexpress.com