November 28, 2011 10:00 AM Eastern Time
System Offers Both Merchants and Parents a Way to Protect Kids on the Internet
PHILADELPHIA--()--Virtual Piggy, Inc. (OTCBB: VPIG) today announced that they have received Level 1 Payment Card Industry (PCI) Data Security Standard (DSS) certification. Virtual Piggy is the first company to provide an ecommerce system that allows merchants to interact and transact with the youth market in a COPPAcompliant manner.
“It is mission critical for us to place data security as our top priority, and we are delighted to achieve certification of our compliance with the highest level of the PCI DSS standard.”
The PCI Data Security Standard, endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., requires merchants and service providers that store, process or transmit customer payment card data to adopt information security controls and processes to ensure data integrity.
Achieving PCI certification as a Level 1 service provider demonstrates the company’s commitment to the highest levels of data security for its unique offering that ensures safety for children, security for parents, and compliance with regulations for ecommerce merchants.
“Virtual Piggy provides a unique technology to allow the U18 community to transact online in a secure COPPA compliant manner”, said Debbie Grant, Director of Financial Services at Virtual Piggy. “It is mission critical for us to place data security as our top priority, and we are delighted to achieve certification of our compliance with the highest level of the PCI DSS standard.”
To achieve PCI certification, Virtual Piggy underwent a comprehensive third party assessment of its policies, procedures and technical systems by Coalfire Systems, Inc., a Qualified Security Assessor (QSA) company, as certified by the Payment Card Industry Security Standards Council.
About Virtual Piggy
Virtual Piggy, Inc. delivers a technology platform designed for the management of the Under 18 age group in the global online market. The Virtual Piggy technology enables online businesses to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. Virtual Piggy technology enables the Under 18 audience to play, transact and socialize in a secure online environment guided by parental permission, oversight and control. Virtual Piggy is a PayPal Partner. For more information, visit www.virtualpiggy.com
About Coalfire
Coalfire is a leading, independent information technology Governance, Risk and Compliance (IT GRC) firm that provides IT audit, risk assessment and compliance management solutions. Founded in 2001, Coalfire has offices in Dallas, Denver, Los Angeles, New York and Seattle and completes thousands of projects annually in retail, financial services, healthcare, government and utilities. Coalfire has developed a new generation of cloud-based IT GRC tools under the NavisTM brand that Coalfire clients use to efficiently manage IT controls keep pace with rapidly changing regulations and best practices. Coalfire’s solutions are adapted to requirements under emerging data privacy legislation, the PCI DSS, GLBA, FFIEC, HIPAA/HITECH, NERC CIP, Sarbanes-Oxley and FISMA. For more information, visit www.coalfire.com.
