THE RETAIL EQUATION DESIGNATED PCI DSS COMPLIANT
Detailed Evaluation Ensures Client Data Protected by Security Best Practices
IRVINE, Calif. (August 12, 2008)—The Retail Equation, the industry leader in retail transaction optimization solutions, today announced it’s been validated compliant with the Payment Card Industry Data Security Standard (PCI DSS). Trustwave, the leading provider of on-demand data security and payment card industry compliance management solutions for businesses and organizations throughout the world, performed the PCI DSS compliance validation.
“By meeting all of the stringent requirements of the PCI DSS and validating its compliance, The Retail Equation has demonstrated that data security is of the utmost importance to the company and its clients,” explained Robert J. McCullen, chairman and CEO of Trustwave. “Not only has the company adhered to security best practices, it has also positioned itself as an industry leader, proactively protecting cardholder data and mitigating the risk of account compromise and fraud.”
PCI DSS is the payment card industry data security requirement for entities that store, process or transmit cardholder data, and has been endorsed by all the major card brands – Visa Inc., MasterCard Worldwide, Discover Network, American Express and JCB. The Retail Equation, which works with retailers nationwide to offer return optimization solutions, engaged Trustwave to conduct a third-party security review and determine whether the company met PCI DSS and other requirements related to the protection of cardholder data contained in retail transaction data provided by its clients. The Retail Equation and all systems involved in utilizing credit card data used for identification and analysis were evaluated by Trustwave during the compliance validation process.
“The Retail Equation is pleased to have been re-validated PCI DSS compliant,” said Raymond Kelly, IT director for The Retail Equation. “The security of our infrastructure is absolutely vital for our clients’ peace of mind, and this important designation reaffirms the message that we are a solid, secure business partner, proficient in safeguarding valuable data.”
The company is enrolled in Trustwave’s on-demand compliance management solution, TrustKeeper®, to have the necessary services to support on-going compliance with the PCI DSS such as quarterly network vulnerability scans. In addition, The Retail Equation will work with Trustwave to ensure that any new system added to the network that stores, processes or transmits cardholder data be evaluated for PCI DSS compliance.
About Trustwave
Trustwave is the leading provider of on-demand and subscription-based information security and payment card industry compliance management solutions to businesses and government entities throughout the world. For organizations faced with today's challenging data security and compliance environment, Trustwave provides a unique approach with comprehensive solutions that include its flagship TrustKeeper® compliance management software and other proprietary security solutions. Trustwave has helped more than 30,000 organizations — ranging from Fortune 500 businesses and large financial institutions to small and medium-sized retailers — manage compliance and secure their network infrastructure, data communications and critical information assets. Trustwave is headquartered in Chicago with offices throughout North America, South America, Europe, Africa, China and Australia. For more information, visit https://www.trustwave.com.
About the Retail Equation
The Retail Equation, headquartered in Irvine, Calif., is the industry leader in retail transaction optimization solutions. The company’s applications use statistical modeling and analytics to predict consumer behavior, and its software-as-a-service delivery enables retailers to achieve significant and measurable return-on-investment. Its solutions are operating in over 12,000 stores in North America, supporting a diverse retail base of specialty, department, sporting goods, auto parts and more. The Return Rewards® solution creates sizeable incremental sales at the return counter, while also building customer loyalty. Both Verify-1® and Receipt Verification™ prevent fraudulent and abusive returns, reducing return rates and saving millions of dollars annually for retailers.