Stanchion Payments To Partner With Pci Security Standards Council To Help Secure Payment Data Worldwide ……As Council’s Newest Associate Participating Organisation, Stanchion Payments to Contribute to The Development of PCI Security Standards

‍CAPE TOWN/South Africa: Stanchion, a leading global PayTech company and innovator in payment fabric technology, has officially announced its membership as an Associate Participating Organisation with the PCI Security Standards Council (PCI SSC).

In a statement jointly signed by the two companies on Wednesday, October 2, 2024, by Kirsten Dean Stanchion Payments, and Alicia Malone, PCI Security Standards Council, it stated that through this partnership, Stanchion will collaborate with the Council to enhance payment data security worldwide, contributing to the ongoing development and adoption of the PCI Security Standards.

The PCI SSC is a global authority driving efforts to improve payment security across industries by providing flexible and effective data security standards and programs. The participation of global industry leaders like Stanchion is crucial to achieving this mission. By joining the PCI SSC’s Associate Participating Organisation programme, Stanchion will play an integral role in addressing emerging threats to payment data security while also helping shape the future of the evolving payments ecosystem.

Stanchion’s involvement in the programme provides it with the opportunity to contribute to the development of new initiatives aimed at protecting payment systems from the latest cyber threats. The company will also share its expertise and best practices at the PCI Community Meetings, a global forum for cross-sector collaboration on payment security.

Commenting on the announcement, Gina Gobeyn, Executive Director of the PCI Security Standards Council, said: “In an era of increasingly sophisticated attacks on systems, PCI Security Standards and resources help organisations secure payment data and prevent, detect, and mitigate attacks that can lead to costly data breaches. By joining as an Associate Participating Organisation, Stanchion can actively contribute to improving payment security globally by driving awareness and adoption of these standards.”

Chris Wooding, Group Information Security Officer at Stanchion, expressed the company’s enthusiasm for joining forces with the PCI SSC: “As we continue to pioneer new payment experiences in PayTech, security and compliance remain our top priorities. Partnering with the PCI SSC aligns with our mission to provide secure solutions for the payment industry, and we look forward to sharing our global insights on emerging technologies and payment methods.”

Founded in 2001, Stanchion has established itself as a global leader in PayTech solutions, offering payment integration capabilities that modernise and transform payment systems. The company operates internationally, with offices in South Africa, Australia, the United Kingdom, the UAE, and the United States.

This new partnership highlights Stanchion’s commitment to playing a proactive role in the global effort to safeguard payment systems and prevent cyberattacks in an ever-changing digital landscape.