#USA #ISO 27001 #Limassol #Payment Security #Praxis Tech

Praxis Tech Achieves Prestigious ISO 27001 Certification

Date: December 16, 2024
Location: Limassol, Cyprus

In a significant milestone for the fintech industry, Praxis Tech, a leading payment orchestration platform, proudly announces its attainment of the ISO/IEC 27001:2022 certification. This globally recognized standard is pivotal for information security management systems (ISMS) and underscores Praxis Tech's unwavering commitment to data security, availability, and reliability across its operations.

This certification not only affirms that Praxis Tech has met the highest international standards in managing sensitive information but also enhances its reputation as a trusted partner for merchants. With the rigorous assessment conducted by an accredited body, merchants can confidently engage with Praxis Tech, knowing that their data is overseen by robust security measures.

Praxis Tech's innovative platform seamlessly connects merchants with over 600 payment service providers (PSPs), facilitated by a unique API integration. Coupling this with a comprehensive back office, the platform empowers merchants to optimize and efficiently manage payment processes, paving the way for superior operational efficiency and client satisfaction.

Guy Karsenti, Chief Technology Officer at Praxis Tech, commented on the achievement, stating, "Obtaining ISO 27001 certification positions Praxis Tech at the forefront of accredited payment orchestration platforms in our key sectors. It solidifies our role as a leader for merchants seeking absolute confidence in the security of their information. Excellence in security is not just a goal; it is a fundamental part of how we operate."

The significance of the ISO 27001 certification extends beyond payment norms, providing a comprehensive accreditation that encompasses all aspects of information security practices. Praxis Tech's commitment to maintaining this certification necessitates regular audits and ongoing improvements, reflecting a dedication to enhancing its offerings for merchants continually.

In addition to its recent ISO certification, Praxis Tech upholds existing data compliance credentials, including adherence to level 1 PCI-DSS standards, which pertain to the protection of payment card data. As the payment orchestration landscape evolves, merchants can leverage the combination of PCI-DSS and ISO 27001 certifications as essential benchmarks in selecting platforms that guarantee professional-grade security at every level.

With this latest milestone, Praxis Tech remains steadfast in its mission to innovate and improve its product offerings, ensuring that merchants are well-equipped to navigate the complexities of secure transaction processing. The integration of advanced routing rules, tokenization, and fraud management solutions underscores its commitment to maximizing approval rates and safeguarding information.

In conclusion, the ISO 27001 certification stands as a testament to Praxis Tech's diligence in upholding robust data security standards, thereby ensuring that merchants can conduct transactions securely, effectively, and within a framework of strict compliance.

About Praxis Tech

Praxis Tech is a premier payment orchestration platform designed to optimize payment infrastructures for businesses operating globally. It provides seamless access to over 600 pre-integrated PSPs, supports multiple payment methods, and facilitates a variety of currencies. Its services include PCI DSS tokenization, integrated fraud management solutions through Visa's Cybersource, and a suite of enhancements aimed at increasing approval rates through advanced routing rules and chargeback tools.