Passport Technology recognises money launderers use deceit or theft to capture the processes of financial entities for illicit purposes. As a result, the CashValet™ solution provides AML centric internal control designs that increase the chances of preventing or detecting such activities. Our AML compliance program is focused on mitigating risks discovered through real time bankcard activity, behavioral assessments and historical data analytics. Custom and standard generated reports / alerts are available to support our customers in developing best in class AML procedures.
The security of cardholder data affects everybody. The breach or theft of cardholder data affects the entire payment card ecosystem. Customers suddenly lose trust in merchants or financial institutions, their credit can be negatively affected -- there is enormous personal fallout. Merchants and financial institutions lose credibility (and in turn, business), they are also subject to numerous financial liabilities.
Passport Technology is committed to the principles behind PCI compliance; our executives are accredited Payment Card Industry Professionals (PCIP) and active participants in the PCI community.
Passport Technology Limited is registered with the Information Commissioner's Office under registration reference: ZA238293