T2 Systems First PARCS Provider to Achieve PCI DSS Compliance and be Recognized as Level 1 Service Provider
T2 Systems Inc. is proud to announce that it has received its Report on Compliance (ROC) and the report has been accepted by the Card Brands. The ROC states that the T2 Hosting Environment is now officially PCI DSS compliant and as a result, T2 Systems is now listed on the Visa website as a Level 1 Service Provider among the very few in the industry to achieve this designation.
The Payment Card Industry Data Security Standards (PCI DSS) affect all operations that take credit card payments; this includes T2 Systems as a hosted parking system provider. The standard is intended to help organizations proactively protect customer credit card information and includes requirements for security management, policies, procedures, network architecture, software design, and other measures.
For organizations that process credit card payments, choosing a vendor with a PCI DSS compliant hosting environment offers huge advantages, including significant cost and time savings. Parking operations running parking systems on their own servers could expect to pay large amounts of money to properly segment their network for PCI-DSS compliance, go through the assessment and remain compliant as PCI standards evolve. This includes additional servers, other network equipment, as well as security devices and services that can be upwards of $70-100K in some cases.
Parking operations can also expect a large commitment of hours if they plan to pursue and maintain PCI compliance of their parking system.
The T2 hosted parking system offers its customers the opportunity to alleviate most of the work and cost associated with PCI DSS compliance. T2s Hosting Environment is monitored 24/7 and uses state-of-the-art firewalls, Intrusion Detection and Protection Systems, high-end encryption and authentication solutions to ensure that customer data is protected. And as compliance standards continue to change, T2 will be responsible for keeping up with the latest requirements.
The T2 hosted solution enables organizations to securely access their system from any computer connected to the Internet; users can access the information they need about their operation and their facilities from anywhere at any time. The hosted solution includes all system set-up, including server equipment, as well as ongoing maintenance and backups, virus scans and automatic upgrades.
The receipt of our ROC was truly a great milestone for T2, said Mike Simmons, T2 Systems co-founder and CEO. We have put so much work and effort into ensuring that our hosting environment is one that will meet the needs of our customers and the parking industry. Our goal is to provide a hosted parking management solution that makes things easier, more cost-effective, and more secure for all parking operations.
For organizations that process credit card payments, choosing a vendor with a PCI DSS compliant hosting environment offers huge advantages, including significant cost and time savings. Parking operations running parking systems on their own servers could expect to pay large amounts of money to properly segment their network for PCI-DSS compliance, go through the assessment and remain compliant as PCI standards evolve. This includes additional servers, other network equipment, as well as security devices and services that can be upwards of $70-100K in some cases.
Parking operations can also expect a large commitment of hours if they plan to pursue and maintain PCI compliance of their parking system.
The T2 hosted parking system offers its customers the opportunity to alleviate most of the work and cost associated with PCI DSS compliance. T2s Hosting Environment is monitored 24/7 and uses state-of-the-art firewalls, Intrusion Detection and Protection Systems, high-end encryption and authentication solutions to ensure that customer data is protected. And as compliance standards continue to change, T2 will be responsible for keeping up with the latest requirements.
The T2 hosted solution enables organizations to securely access their system from any computer connected to the Internet; users can access the information they need about their operation and their facilities from anywhere at any time. The hosted solution includes all system set-up, including server equipment, as well as ongoing maintenance and backups, virus scans and automatic upgrades.
The receipt of our ROC was truly a great milestone for T2, said Mike Simmons, T2 Systems co-founder and CEO. We have put so much work and effort into ensuring that our hosting environment is one that will meet the needs of our customers and the parking industry. Our goal is to provide a hosted parking management solution that makes things easier, more cost-effective, and more secure for all parking operations.
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