Jewel Paymentech and Rock Pte Ltd (Rock), a PCI Qualified Security Assessor (QSA) and Visa Approved Security Assessor (SA) inked a Memorandum of Understanding to collaborate in developing and deploying PCI-related products to clients in order to expedite on-boarding and manage risks of merchants and agents.
The framework will enable the development of next generation products that will address current industry pain points on merchant KYC.
Jewel Paymentech develops intelligent solutions to manage risks associated with payments acquiring for banks, payment processors and marketplaces. The solutions encompass merchant application due diligence, predictive chargebacks, detection of illegal and counterfeit products, anti-money laundering and transaction fraud prevention.
Rock provides IT consulting, audit and education services. It is an approved PCI company which conducts data security assessment for banks, processors and merchants. In addition, Rock is also approved by Visa to perform ACS (Access Control Server), Approved Vendor Program (AVP) and PIN assessments.
The MoU was signed by Lee Wooi Siang, COO of Jewel Paymentech and Gwendyln Chong, CEO of Rock Pte Ltd.
Global List of PCI Qualified Security Assessors (QSA)
Global List of Visa Security Assessors (SA)s