Fintech provider Quavo Fraud & Disputes completes PCI renewal
EAST LANSING, Mich., 15 December 2022 /PRNewswire/ — Fintech provider Quavo Fraud & Disputes has announced its completion and renewal of the 3.2.1 version of the Payment Card Industry Data Security Standard (PCI DSS) Requirements and Security Assessment Procedures. Quavo initially achieved its PCI DSS version 3.2.1 certification in August 2021.
Achieving this renewal underscores Quavo’s commitment to security and compliance, and confirms that all required standards set by the PCI Council were maintained throughout the evaluation period. The announcement comes as part of Quavo’s dedication to carrying out the importance of client safety and security.
“PCI renewal versus the first completion means that our team has continued to exemplify procedures to protect sensitive card information set by the PCI Council for a full year. It’s a great achievement for the team and something I’m very proud of. It’s difficult to achieve and maintain PCI compliance, and I appreciate that our team is diligent about this,” said COO and co-founder David Chmielewski.
This year, the Quavo infrastructure team dedicated time to maintaining the standards set by PCI DSS v3.2.1. Per November 2022, Quavo received validation that the company demonstrated continuous compliance under PCI DSS v3.2.1 and achieved a renewal accreditation. Quavo’s presence in the Visa Global Registry of Service Providers (the Registry) is directly related to the company’s ongoing commitment to PCI compliance.
Nick Facca, Quavo’s Chief Technology Officer, detailed the extent of following the established procedures throughout the audit period. “Last year we established ourselves as PCI Compliant; with the renewal, we have set the standard that PCI compliance stands as Quavo’s fundamental data security.”
Looking to the future, Quavo will continue to work to renew its SOC 2 Type 2 certification and make progress in completing PCI DSS v4.0 requirements by 2024.
About Quavo, Inc.
Quavo, Inc. is a fintech provider of industry-leading automated dispute management solutions to issuing financial institutions. Quavo’s Disputes as a Service™ offering includes automated software, automated intelligence technology and human intelligence services for financial organizations of all sizes. Our goal is to establish and advance the industry standard in fraud and dispute management by introducing best-in-class principles, delivering unparalleled technology and advocating for change in our society.
We offer full, end-to-end fraud and dispute management automation software, backed with full Reg E, Reg Z, Nacha compliance and network mandates. Quavo’s offerings include QFD™ automated dispute management software, ARIA™ fraud management automated intelligence and Dispute Resolution Experts™ human intelligence services. Quavo believes in providing a supportive and collaborative environment where the best financial and technical minds work together to drive client success, providing cutting-edge dispute management software and solutions. Learn more online at www.quavo.com.
CONSULT: Jennifer Marshall, [email protected]
SOURCE Quavo, Inc.
