Significant Achievement for Praxis Tech
Praxis Tech, a prominent player in the Payment Orchestration sector, has proudly achieved the ISO/IEC 27001:2022 certification. This recognition is a testament to its dedication to maintaining the most stringent global standards for Information Security Management Systems (ISMS). Through this milestone, Praxis Tech confirms its commitment to ensuring the highest levels of data security, availability, and reliability throughout its organization. This certification not only reinforces its credibility but also assures merchants of the meticulous measures taken to ensure their data is protected.
Connecting Merchants to a Global Network
With its innovative Payment Orchestration Platform, Praxis Tech connects merchants seamlessly to over 600 Payment Service Providers (PSPs) worldwide, all through a single API integration. This expansive network facilitates an environment where merchants can effectively optimize and manage their payment processes. By achieving the ISO certification, Praxis Tech demonstrates its ability to systematically manage data risks, utilizing top-tier systems that support its goal of protecting sensitive information. This achievement is crucial for merchants looking for confidence in the security of their transactions, knowing they are routed through stringent protocols within the organization's infrastructure.
Insights from Leadership
Guy Karsenti, the Chief Technology Officer at Praxis Tech, expressed his enthusiasm about this accomplishment: "Achieving the ISO 27001 certification distinguishes Praxis Tech at the forefront of accredited Payment Orchestration Platforms in our stronghold industries and positions us as a leader for merchants seeking absolute confidence in their information security. This demonstrates that security excellence is not just a goal but a fundamental part of how we operate." His statement highlights the core values of the company: that security is integral and a priority for their operations.
Comprehensive Data Compliance Credentials
This certification adds to Praxis Tech’s robust data compliance credentials, which already include adherence to PCI-DSS Level 1 standards for protecting card payment data. The evolution of the payment orchestration market signals that both PCI-DSS and ISO 27001 certifications are crucial in platform selection for merchants. These standards serve as essential benchmarks that enable merchants to identify platforms that ensure enterprise-grade security across all operations.
Ongoing Commitment to Information Security
The ISO 27001 certification is not just a one-time accolade but a commitment to ongoing excellence. It encompasses all facets of information security practices, requiring continuous audits and improvements. This dedication reflects Praxis Tech's resolve to continually enhance its offerings for merchants, ensuring they are equipped with the best in information security.
About Praxis Tech
Praxis Tech specializes in offering a cutting-edge Payment Orchestration Platform designed for enterprises operating globally. The platform features over 600 pre-integrated PSPs, providing access to a diverse array of payment methods and multicurrency capabilities. Among its many services, Praxis Tech offers PCI DSS tokenization, integrated fraud, and risk management solutions with Visa's Cybersource, as well as optimizing checkout processes to improve approval ratios through advanced routing rules and effective decline recovery tools.
Frequently Asked Questions
What does ISO 27001 certification indicate?
ISO 27001 certification indicates an organization's commitment to information security management by adhering to international standards.
Why is security important for payment platforms?
Security is crucial for payment platforms to protect sensitive customer data and build trust with merchants and consumers.
How does Praxis Tech optimize payment processes?
Praxis Tech optimizes payment processes by connecting merchants to a vast network of PSPs through a single API, enhancing efficiency and security.
What other compliance credentials does Praxis Tech hold?
In addition to ISO 27001, Praxis Tech also complies with PCI-DSS Level 1 standards for safeguarding card payment data.
How does ISO certification impact merchant selection?
ISO certification helps merchants identify platforms that prioritize data security, allowing them to make informed choices for their payment processing needs.
