With more and more mobile subscribers performing mobile payments, it has become increasingly important for mobile payment platform providers to ensure that they offer a secure payment environment to their customers. While we always knew that our PayTM platform was an extremely secure solution for enabling mobile payments, we felt that it is always good to get a second opinion from an independent third party.
So we invited SISA to conduct an external information security audit of our PayTM Network. After an extensive audit process, SISA has issued us the PCI DSS 1.2 (Payment Card Industry Data Security Standard) Security Certificate. We feel that a third party endorsement of our compliance with global security standards will further bolster the customers’ trust in our PayTM Mobile Commerce platform.
The PCI DSS (Payment Card Industry Data Security Standard) is a multifaceted security standard that includes requirements for security management, data security policies, risk procedures, network architecture and application design. The standard has been developed by VISA, MasterCard and American Express which are among the founding members of the global PCI Security Council. PCI applies to all organizations that store, process or transmit cardholder data. Compliance with this stringent PCI Data Security Standard will enable One97 to proactively protect customers’ account data (credit card details, debit card details and bank account numbers).
With the award of PCI DSS Security Certificate, One97 has become the only secure mobile commerce platform provider in India with end-to-end implementation capability across Voice, Messaging, WAP and Web.
We believe that the PCI DSS compliance is only the first of the many thresholds that any organization should cross if it wishes to offer a secure mobile commerce experience to the end customer. We are working closely with the Payment Card Industry to implement additional risk controls that will allow us to preempt and block potentially fraudulent transactions, virtually insulating our customers from identity theft and credit card frauds. We will continue to announce more enhancements and initiatives to drive mobile payment security and would like the industry to follow so that the end customers can feel comfortable using their mobile devices for commerce transactions.
We have received tremendous interest from Mobile Operators and Enterprise Businesses for PayTM and we are currently deploying our platform for Mobile Operators for Prepaid Recharges, Postpaid Bill payments and various commerce transactions like DTH subscriptions, Flower Delivery, Movie Ticketing, Travel Booking, Insurance Premiums and Utility Bill Payments. We have partnered with many banks and continue to add more payment instruments to our platform so that the end customer can use a payment option that he/she is most comfortable with.
It is our endeavour to empower every mobile subscriber to securely transact through his/her mobile phone and we would soon be enabling the subscribers of atleast two large mobile operators in India to get a first hand experience of our secure mobile commerce platform.
I have received many queries from curious mobile subscribers asking me how they could start using our PayTM platform for recharging their prepaid account or paying their postpaid bill. The services would be offered very soon through your mobile operator. The operator will inform you about a 5-digit number which you will be able to dial-in or send an SMS to, from your mobile phone to access our PayTM platform for mobile commerce services.
If you feel that besides security there is any other concern that is keeping you from using your mobile device for commerce transactions then we would love to hear from you at paytm@one97.net.
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