Ai Corporation upgrades EazyFuel to be fully PCI compliant
The ai Corporation (ai), an FCA approved expert in payments, fraud and risk management, announced that it has upgraded EazyFuel, its closed loop fuel card platform, to be fully PCI compliant, in anticipation of the expansion of PCI Data Security Standard to cover fuel cards.
This upgrade ensures that ai’s EazyFuel closed loop fuel card platform meets the rigorous controls defined by the Payment Card Industry Security Standards Council for the protection of payment card data. Ensuring EazyFuel™ meets the required levels of due diligence required for storing, processing and transmitting fuel payment card holder data.
ai, whose aiGateway – omni-channel payment gateway – was granted Level 1 Service Provider accreditation (for version 3.2 of the PCI Data Security Standard) recently, has rolled out PCI compliance across its suite of payments, fraud and risk management solutions for the fuel industry, in advance of any change to PCI DSS compliance or regulation.
Dr Mark Goldspink, CEO of ai, says: “We believe that PCI compliance is inevitable for closed loop fuel card platforms. While B2B closed loop payments currently remain outside the purview of PCI, the fact is that our customers are demanding that level of security for their fuel cards. As a result, ai is one of the first companies in the world to adopt, and be externally audited to PCI standards, to ensure secure global access for our fuel card customers.
“Our decision to optimize our software applications with Microsoft Azure and comply with current PCI DSS standards, supports ai’s ongoing strategy of launching best of breed, hybrid, open and closed loop issuing products. Enabling safe and secure omni-channel fuel payment acceptance, whether a payment is made via a mobile, traditional POS, a card not present transaction (CNP) or Pay by Bank.”
As well as the security improvements EazyFuel’s upgrade provides, today’s move supports ai’s ongoing strategy of helping its clients capitalise on omni-channel processing aggregation. Offering ai’s users a ‘one-stop- shop’ for payment acceptance, risk and fraud management and analytics.
Nick Walker, ai’s COO, explains: “Put simply the more a business can re-use and re-purpose the same asset to offer more value, the more compelling the financial returns. We believe that payment transaction security is critical, whether it is B2B or B2C. As a result, coupled with ongoing technology and specification convergence, we believe that all payments will need to be PCI compliant soon.
“For ai to offer this level of service and security to our global enterprise customers ahead of any change, means that our security systems must be of the highest standard. On that basis, ai is proud to be at the forefront of this type of industry initiative”.
ai has upgraded EazyFuel in preparation for the expansion of PCI DSS over B2B fuel card payments and has been working with an independent Qualified Security Assessor (QSA) and PCI auditor during that process.