Combined solution provides total transaction security
Mako Networks, a cloud-based network management company, and Phoenix Managed Networks, a payment network services provider, have partnered through an international agreement to launch PaySecure, a new solution designed to simplify payment security and compliance with the Payment Card Industry Data Security Standards (PCI DSS).
Under the terms of the multimillion dollar agreement, Mako will provide its award-winning hardware and software-based service to Phoenix Managed Networks, which will serve as distributor and operator of a customized central management system (CMS) that delivers cloud-based security management and PCI DSS compliance support to card-present merchants and SMBs.
The mandatory PCI DSS, created by the five major credit card companies in 2004, helps merchants that process, store or transmit credit card data reduce the risk of credit card fraud through a variety of safeguards. Among the most difficult aspects of compliance is network security, which PaySecure simplifies through the use of a preconfigured PCI DSS template and robust firewall and security protocols.
Bill Farmer, CEO of Mako Networks says: “Mako is pleased to partner with an organization of Phoenix’s calibre. Jack McDonnell and his team have an exemplary reputation for quality service and innovation in the payments industry. Delivered through two certified PCI DSS Level 1 service providers, PaySecure signifies a step change in the way businesses can approach PCI DSS and is uniquely positioned to provide the best available means for merchants to achieve and maintain security and compliance.”
The PaySecure solution starts at merchant locations, where a Mako network appliance locks down payment networks to PCI DSS criteria and provides a primary connection to the Internet. Each cloud-managed network appliance provides on-site network security, while the Phoenix Managed Networks-operated CMS is used to configure and apply continuous compliance monitoring tools and safeguards.
Phoenix Managed Networks CEO Jack McDonnell reiterates Farmer’s sentiment commenting: “A partnership with Mako enables us to further extend our reach into merchant locations and provide a service that simplifies PCI compliance without compromising security. PaySecure streamlines the annual PCI DSS audit process, saves money and resources, and significantly reduces the burden of compliance.”
PaySecure is available to merchants through Phoenix Managed Networks and its resellers now across the globe.
For more information on PaySecure, or to schedule an evaluation or demonstration, visit www.phoenixmanagednetworks.com.
Phoenix Managed Networks is a global provider of payments communications, gateway and payment support services, delivering a state-of-the-art, reliable and cost effective solutions connecting retailers with the world’s banks, acquirers and processors. Founded in January 2010 with its global headquarters located in Reston, Va., Phoenix has been highly successful in advocating a combination of quality, innovation and uncompromising customer care.
John J. McDonnell Jr. Chairman and CEO Phoenix Managed Networks
Mr McDonnell is a pioneer in the transaction industry. A serial entrepreneur, John McDonnell, Jr. most recently served as Chairman and CEO of terminal solutions provider Exadigm. Until October 2006, he was Chief Executive Officer and Chairman of TNS Inc., the transaction communications company he founded in 1990, and sold to PSINet Inc. in November 1999, only to reacquire it from PSINet in 2001.
Between tours at TNS, Mr. McDonnell was Chief Executive Officer of PaylinX Corporation (“PaylinX”), which was sold to Cybersource in September 2000. He has served on the Cybersource board of directors ever since. Mr. McDonnell also serves on the Board of Directors of DealerTrack Holdings, Inc. (NASDAQ:TRAK) as well as several privately held companies. Mr. McDonnell is one of the founding members of the Electronics Funds Transfer Association.
Mako Networks is a cloud-based network management company, providing services and managed appliances that connect businesses to the Internet and protect them from the threats it contains. Mako Networks helps merchants that process, transmit or store cardholder data to comply with the stringent Payment Card Industry Data Security Standards (PCI DSS). The company is certified as a PCI DSS Level 1 service provider, and currently operates from offices in Auckland, New Zealand, London and San Francisco.
Bill Farmer CEO at Mako Networks
Bill Farmer joined Mako Networks as CEO in March 2002. He has previously built and sold two successful companies since 1980. The first was a nation-wide retail furniture and bedding supplier, which he grew from zero to 26 retail outlets. The second was a general merchandise import/export supplier operating from China into the US and Australasia, built from scratch to annualised revenues in excess of NZD$45 million. Both companies employed in excess of 100 personnel before being sold. Bill operates across all divisions of the Mako business and maintains the vision for the company’s growth.