Praxis Tech Achieves ISO 27001 Certification for Data Security Excellence

In a significant achievement, Praxis Tech has recently announced that it has earned the ISO/IEC 27001:2022 certification, the globally recognized standard for information security management systems (ISMS). This milestone reflects the company's commitment to maintain the highest standards of data security, availability, and reliability across all its operations.

The successful certification validates that Praxis Tech has undergone rigorous assessments by an accredited body, underscoring its role as a trusted partner for merchants. By ensuring that its processes meet stringent standards, the company not only safeguards sensitive information but also reinforces its reputation in the industry. Praxis Tech's payment orchestration platform connects merchants with over 600 payment service providers (PSPs) worldwide through a single API integration. This extensive network, including a fully-featured back office, allows merchants to streamline and manage their payment processes efficiently.

Guy Karsenti, Chief Technology Officer at Praxis Tech, expressed pride in this certification, stating, "The ISO 27001 certification positions Praxis Tech at the forefront of accredited payment orchestration platforms in our core markets. It establishes us as a leader for merchants who prioritize unwavering trust in their information security. Excellent security is not just an aim; it is a fundamental aspect of how we operate."

The certification is part of Praxis Tech’s ongoing commitment to compliance with existing data protection guidelines, including meeting the PCI-DSS Level 1 standard that protects card payment data. As the payment orchestration market continues to evolve, the combination of PCI-DSS and ISO 27001 certifications serves as a crucial differentiator for merchants looking for reliable platforms that guarantee enterprise-level security at all levels.

ISO 27001 certification extends beyond payment standards, providing a comprehensive accreditation that encompasses all facets of information security practices. Maintaining this standard requires continuous audits and improvements, signaling Praxis Tech's dedication to enhancing its product offerings for merchants consistently.

Praxis Tech serves as a leading payment orchestration platform, optimizing payment infrastructure for global merchants while providing immediate access to more than 600 pre-integrated PSPs, worldwide payment methods, and support for multiple currencies. Their services include PCI DSS tokenization, fraud, and risk management solutions, integrated with Cybersource from Visa, as well as checkout enhancements that improve approval rates through advanced routing rules and tools for recovering declined transactions.

In a rapidly changing digital landscape, the achievement of ISO 27001 certification not only highlights Praxis Tech’s dedication to data security but also underscores its commitment to providing merchants with a secure, compliant, and efficient payment solution. This certification reassures its current and potential clients that all necessary precautions are in place for their transactions, enabling them to conduct business confidently in an increasingly complex cybersecurity environment.

Overall, this recognition solidifies Praxis Tech's position in the payment orchestration sphere as a reliable partner for merchants prioritizing data security and operational integrity.