FLASHPARKING’S INNOVATIVE SYSTEM PASSES ANNUAL PCI DSS COMPLIANCE AUDIT; ENSURES PLACEMENT AS THE PARKING AND MOBILITY INDUSTRY’S LEADING SECURE PAYMENT PARTNER
FlashParking continues to lead the charge in payment security compliance, a critical factor for any parking operations, as the leading PCI DSS Level 1 Service Provider in the parking industry
Austin, TX (February 25, 2019) – FlashParking, a leading provider of cloud-based parking and mobility solutions, announces another successful annual compliance audit of the Payment Card Industry-Data Security Standards outlined in the latest version (3.2.1). FlashParking remains the leading Level 1 Service Provider in the parking industry with this annual PCI-DSS accreditation.
As a renewed designated Level 1 Service Provider, FlashParking’s system meets the rigorous requirements outlined by the PCI Security Standards Council, ensuring its cloud-based platform and Software-as-a-Service (SaaS) application can process over 6 million transactions yearly in a safe, secure environment. It is the highest level of PCI compliance available.
As the parking industry’s leading Level 1 Service Provider, parking operators and asset owners can confidently outsource 98% of the PCI duties to FlashParking, compared to zero percent with a traditional PA-DSS system that runs on on-site servers. FlashParking takes on the technical burden of compliance on behalf of the customer, allowing the customer to focus on other mission critical initiatives. FlashParking’s system utilizes remote key injection and encryption the instant a credit card is swiped or inserted. All encrypted cardholder data is immediately passed onto the customer’s payment system while tokenized transactional data is stored on the customer’s FlashParking maintained Microsoft Azure Cloud platform which powers 90% of Fortune 500 companies.
In 2006, the major payment cards (Visa, MasterCard, American Express, Discover and JCB International) developed the PCI Security Standards Council, which created a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment. When properly implemented and maintained, these security standards combat the risk of breaches and fraudulent charges.
“In today’s marketplace, the impact of a payment card data breach on the financial well-being and brand reputation of a company is too devastating not to make data security a top priority. The stakes are simply too high,” said Juan Rodriguez, CEO and co-founder of FlashParking. “Passing our annual PCI-DSS audit to remain the industry’s leading Level 1 Service Provider is proof of our commitment to lead the charge of ensuring payment security compliance. Operators and asset owners can rest easy knowing FlashParking will completely safeguard their customer’s payment transaction data from day one.”
FlashParking is a leader in parking and mobility solutions that address some of the most complex transportation problems facing urban societies. FlashParking’s rapid growth is driven by a future-ready philosophy that manifests itself in a smart ecosystem of solutions, products, and integrations that work together to improve mobility. With over 1,000 deployments on its cloud-based network, FlashParking’s powerful real-time data services provide efficient, secure transactions and business intelligence for organizations of all sizes and industry spectrums.
Michelle Madonna, Carve Communications for FlashParking