Transcard Achieves SAS 70 Type II Certification

CHATTANOOGA, Tenn.--(EON:Enhanced Online News)--Transcard, a leading provider of prepaid debit card solutions, announced today that SAS 70 Certification has been achieved by the organization. With the assistance of DuPont & Morgan, LLP, Transcard has successfully completed all sections of the extensive audit, and have been awarded certification for the 2007-08 year.

The SAS 70 Type II report confirms that Transcard provides a consistent, reliable and secure operating environment in which to support client companies who are members of our Network. Since Transcard manages critical data for customers, the achievement of the SAS 70 Type II audit clearly demonstrates our commitment to responsibility, and enables Transcard to enhance our customers’ trust in our systems and services by following password complexity requirements and facilitating compliance with Sarbanes-Oxley Section 404 and other critical regulations. The completion of the audit also further enhances our commitment to operational efficiency. Customer data is safe and secure throughout all of our systems, and Transcard promotes compliance in all facets of our day-to-day operations.

Craig Fuller, CEO of Transcard, stated, “By achieving SAS 70 certification, we can clearly promote to our third-party partners that we operate a secure and compliant business. We are truly committed to the protection of our clients’ sensitive data, and we are responsible enough to have our processes, technology and policies and procedures formally audited by DuPont & Morgan, LLP.”

About Transcard

Transcard is an industry leader in electronic transaction processing services both domestically and internationally. Transcard offers electronic funds transfer services including direct-to-card payroll technology, electronic fuel and transaction processing, and global money remittance and payment services. Transcard process over $960 million in electronic transactions annually and expect to reach $1.2 billion in 2007.

About DuPont & Morgan

DuPont & Morgan was founded on the principles of providing clients quality, efficient, and cost effective methods for implementation of compliance policies, stand-alone or enterprise systems testing, regulation assurance services, and certification of requirements as dictated by current laws, such as the Sarbanes-Oxley Act of 2002, Health Insurance Portability and Accountability Act of 1996 (HIPAA), Gramm-Leach-Bliley Act of 1999, The USA Patriot Act, and OFAC Policy. DuPont & Morgan’s frameworks and standards are based upon 17799 ISO Policies & Guidelines, COBIT, COSO, and FFIEC standards.

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