News from the Wire

On-Line Strategies gains PABP compliance

Tuesday, October 28, 2008 — 16:34:08 (EDT)

Dallas, Oct. 28, 2008 -- On-Line Strategies, Inc. ('OLS'), announces that its transaction processing engine, OLS.Switch, has achieved compliance validation with Visa's Payment Application Best Practices.

The Payment Application Best Practices (PABP), was developed by Visa to assist software vendors in creating secure payment applications that help merchants and agents mitigate compromises, prevent storage of sensitive cardholder data (i.e. full magnetic stripe data, CVV, CVV2 or PIN data) and support overall compliance with the PCI Data Security Standard (PCI DSS). The PCI Security Standards Council (PCI SSC) has adopted Visa’s PABP and released the standard as the Payment Application Data Security Standard (PA-DSS) in April 2008.

"We take the security of cardholder data seriously." said David Bergert (CISSP, CISA) of OLS. "Obtaining our PABP certification ensures that when our customers implement OLS.Switch in accordance with its PABP Implementation Guide and within their PCI DSS-compliant environment, it will protect stored data and will not retain sensitive authentication data. Our PABP validation also provides assurance that as a software vendor, we follow secure development processes and secure troubleshooting procedures".

"OLS.Switch was field tested extensively prior to our application for PABP certification." stated Terry Richards, CEO of OLS. "We wanted to make certain OLS followed best practices for the development of a payment application and that OLS.Switch provided the secure payment processing and protection of cardholder information necessary in today’s operating environments. The protection of our clients' cardholder data has always been important to OLS and OLS.Switch’s PABP certification reconfirms our commitment to data security".

About On-Line Strategies, Inc.

On-Line Strategies, Inc., headquartered in Dallas, Texas, has supported Fortune 1000 organizations’ payment processing needs since 1996. OLS provides strategic and technical business process consulting, production support services for integration, monitoring, and decision support to medium and large enterprises in support of mission-critical payment systems.

OLS' mission is to deliver value to our customers through the development and sale of products and services to the Personal Consumption Transaction Processing ('PCTP') market. OLS specializes in the sale of products (software) and services related to electronic transaction processing in the expanding PCTP market.

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Source: Company press release.