Bangkok--30 Jul--Internet Thailand
Internet Thailand Public Company Limited (INET) has partnered with Transaction Network Services Ltd. (TNS) to announce business cooperation to expand credit card payment network service by offering managed solutions for financial transactions security service via Electronic Data Capture Network Service (EDC Network Service) with Payment Card Industry Data Security Standard (PCI DSS).
Mrs. MorragotKulatumyotin, INET Managing Director, revealed that “INET is a leader in ICT Infrastructure service and a service provider of credit card payment network for more than 10 years. The company has provided payment network services to the banks and merchants for a long time. In order to meet safety standard of financial transactions for EDC Network Service from PCI DSS(PCI DSS is a set of regulations developed jointly by the leading card schemes to prevent cardholder data theft and to help combat credit card fraud),to develop the original network with new technology used throughout the world and to meet the demand from customers to make a convenient and prompt payment, the company has cooperated with Transaction Network Services Ltd., a leading global provider of secured payment network services which have already been certified by PCI DSS, to use this system in Thailand. Due to this implementation, INET’s clients result in using the payment network system certified by PCI DSS immediately. Based on the credit card payment network system certified by PCI DSS, the company has gained trust from American Express (AMEX), the credit card payment service provider who has market coverage around the globe, using INET’s network system in Thailand.” Mrs. Morragot concluded.
Mr. Mike Keegan, Managing Director of Transaction Network Services, said“We are excited about our partnership with INET in the Thailand market. We believe that our combined solution provides a state of the art technology offering that will add real value to banks, merchants and other payment industry participants in this market. TNS has been providing innovative payment services globally for over 20 years and understands the challenges industry participants face relating to, among other things, security (including PCI DSS), network reliability and customer satisfaction. Together with INET, TNS will focus on delivering products that address these challenges with the goal of providing our combined customers with a secure and high quality service.”
INET believes that credit card payment network service certified by PCI DSS will play a major role in lifting the safety standard of Thai credit card payment system to be more secured. Banks and merchants can connect to the system quickly which finally will support the competitiveness in this industry based on the international safety standard.