Praxis Tech Achieves Prestigious ISO 27001 for Enhanced Information Security Standards
Praxis Tech, a leading payment orchestration platform based in Limassol, Cyprus, has recently announced a significant achievement - receiving the ISO/IEC 27001:2022 certification. This certification represents the highest global standard for Information Security Management Systems (ISMS) and solidifies Praxis Tech’s commitment to maintaining high levels of data security, availability, and reliability across its operations. The milestone serves as a strong reassurance for merchants who partner with Praxis Tech, confirming that the organization has undergone a rigorous review by an accredited body, thereby ensuring the integrity of its procedures.
By utilizing its Payment Orchestration Platform, Praxis Tech connects merchants to an expansive network of over 600 payment service providers (PSPs) across the globe through a single API integration. This broad connectivity, combined with a comprehensive back-office solution, enables merchants to not only optimize their payment processes effectively but also manage them in a secure environment. Achieving ISO certification underscores that Praxis Tech systematically manages data risks using top-tier systems, aligning with best practices in information protection. This accomplishment enables merchants to confidently handle transactions, ensuring all steps are taken to protect sensitive data under strict protocols.
Guy Karsenti, the Chief Technology Officer at Praxis Tech, emphasized the significance of this certification: '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.'
This new certification adds to Praxis Tech's existing compliance credentials, which already include adherence to the PCI-DSS Level 1 standard for the protection of card payment data. As the domain of payment orchestration continues to evolve, having both PCI-DSS and ISO 27001 certifications becomes essential for merchants in selecting platforms that guarantee enterprise-grade security throughout their operations.
Importantly, this ISO 27001 certification goes well beyond just payment standards. It covers a broad spectrum of information security practices, mandating that Praxis Tech maintains continuous audits and improvements. This commitment to ongoing enhancement is reflective of the company’s dedication to providing robust and secure services for merchants.
In summary, the successful attainment of the ISO 27001 certification by Praxis Tech is a testament to its commitment to superior information security standards. With access to over 600 pre-integrated payment service providers, multi-currency support, and innovative solutions such as PCI DSS tokenization, fraud and risk management tools integrated with leading solutions like Visa's Cybersource, Praxis Tech continues to optimize payment infrastructures for enterprise-level merchants globally, paving the way for safer and more efficient merchant transactions.
With this achievement, Praxis Tech not only reinforces its position as a trusted partner for merchants but also showcases its ongoing efforts to uphold the highest standards of information security in the evolving landscape of digital payments.
By utilizing its Payment Orchestration Platform, Praxis Tech connects merchants to an expansive network of over 600 payment service providers (PSPs) across the globe through a single API integration. This broad connectivity, combined with a comprehensive back-office solution, enables merchants to not only optimize their payment processes effectively but also manage them in a secure environment. Achieving ISO certification underscores that Praxis Tech systematically manages data risks using top-tier systems, aligning with best practices in information protection. This accomplishment enables merchants to confidently handle transactions, ensuring all steps are taken to protect sensitive data under strict protocols.
Guy Karsenti, the Chief Technology Officer at Praxis Tech, emphasized the significance of this certification: '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.'
This new certification adds to Praxis Tech's existing compliance credentials, which already include adherence to the PCI-DSS Level 1 standard for the protection of card payment data. As the domain of payment orchestration continues to evolve, having both PCI-DSS and ISO 27001 certifications becomes essential for merchants in selecting platforms that guarantee enterprise-grade security throughout their operations.
Importantly, this ISO 27001 certification goes well beyond just payment standards. It covers a broad spectrum of information security practices, mandating that Praxis Tech maintains continuous audits and improvements. This commitment to ongoing enhancement is reflective of the company’s dedication to providing robust and secure services for merchants.
In summary, the successful attainment of the ISO 27001 certification by Praxis Tech is a testament to its commitment to superior information security standards. With access to over 600 pre-integrated payment service providers, multi-currency support, and innovative solutions such as PCI DSS tokenization, fraud and risk management tools integrated with leading solutions like Visa's Cybersource, Praxis Tech continues to optimize payment infrastructures for enterprise-level merchants globally, paving the way for safer and more efficient merchant transactions.
With this achievement, Praxis Tech not only reinforces its position as a trusted partner for merchants but also showcases its ongoing efforts to uphold the highest standards of information security in the evolving landscape of digital payments.
Topics Financial Services & Investing）
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