Protecting Customers Through Payment Card Data Security

MIAMI (Business Wire EON) April 4, 2008 -- NovoPayment, Inc., Latin America’s leading pre-paid card service provider and program manager, announced today that it was awarded the Data Security Standard certification (PCI DSS) from the PCI Security Standards Counsel, the organization founded by American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International to develop and implement a comprehensive set of security standards for processing card payments.

In complying with the PCI DSS standards we are able to offer our customers the added confidence that we meet the highest standards for safeguarding their sensitive information against fraud and theft

The guidelines enable merchants and payment card service providers to ensure against card fraud by protecting data from security threats.

“This certificate demonstrates NovoPayment's continued commitment to its customers in maintaining the integrity and security of their clients’ data,” said NovoPayment President and CEO Anabel Perez.

The PCI DSS is a multifaceted security standard that includes requirements for security management, intrusion alerts, policies, procedures, network architecture, software design and other critical protective measures. This comprehensive standard is intended to help organizations proactively protect customer account data.

“In complying with the PCI DSS standards we are able to offer our customers the added confidence that we meet the highest standards for safeguarding their sensitive information against fraud and theft,” said Anabel Perez, President and CEO of NovoPayment.

About NovoPayment

NovoPayment, Inc. is Latin America’s premier pre-paid card service provider and program manager, providing general purpose payments solutions for the region’s unbanked, as well as Electronic Benefits Transfer (EBT), payroll, incentive and gift card, and other payments solutions for banks, utilities, telecommunications companies and government agencies. With offices in Miami, Florida, and Caracas, Venezuela, NovoPayment has an extensive track record which includes a portfolio of more than 730,000 active cards representing more than 22 million transactions and about $330 million annually. Among its accomplishments, NovoPayment launched the first pre-paid general purpose card in Latin America not to require a bank account and the first mobile P2P (Peer-to-Peer) funds transfer platform using SMS (short message service). For more information, visit www.novopayment.com/ingles.

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