Released on = August 22, 2006, 1:35 am

Press Release Author = TechnoPark Corp.

Industry = Software

Press Release Summary = Payment applications market gets new security standards
compliant product. Recently released TechnoPark Corp.'s mobile payment software will
pass Visa/MasterCard PCI Certification in September.

Press Release Body = It may seem that too much is said about online payment
security; still the problem is a crucial one and is being globally ventilated. How
to be sure my payment is secure? The question is burning for all the links of the
chain: payment service providers, applications developers, merchants, and
cardholders.

Today, there is a unified approach to security standards. Payment Card Industry Data
Security Standard (PCI DSS) is a list of unified standards and requirements for the
industry. However, only 20% of the major industry-related companies are PCI DSS
compliant. This is stimulated by mid-tier merchants' and service providers'
ignorance of the certificate though they are the most vulnerable objects of attacks.
According to WordPress' report, many payment industry players feel the standard is
not clear or is not being applied prudently to encourage complete adoption.

Anyhow, PCI DSS must be the most comprehensive solution - and positively the best at
this stage. Visa together with world's major payment systems strongly encourages
payment service providers, merchants and payment applications developers to pass the
PCI DSS compliance certification in order to be able to guarantee high-level
security to both their customers and partners.

Understanding the importance of security matter, TechnoPark Corp., an outsourcing
software development company, has released its mobile payment processing system
which meets all the standards provided by PCI DSS. The system - MPPS - enables users
to pay for goods and services using only their mobile phones, and provides a number
of additional functions like statistics, notifications, etc. (Detailed description
of MPPS is available on company's website). Laboratory testing assured the product's
compliance, so it is about to be sent to Visa for certification.

PCI Data security standard was developed by Visa and MasterCard and accepted by
other major players. It provides 12 basic standards aiming to stamp out debit and
credit card fraud, by introducing strict security standards for handling and keeping
cardholder data. The six general principles of PCI DSS include the following: build
and maintain a secure network, protect cardholder data, maintain a vulnerability
management program, implement strong access control measures, regularly monitor and
test networks, maintain an information security policy.

In the article covering data security standards Joan Herbig, President and CEO of
Cambia Security, a security policy enforcement provider, writes for CSO Magazine:
\"Embracing the PCI standard may sound like a big task, and you may wonder if it's
even necessary for your business. However, before you fill up your dance card with
other priorities, consider this: As of now, there is no known case of a
PCI-compliant network being compromised.\"

For software developers Visa/MasterCard provides the PCI DSS Compliance Payment
Application Certificate. Only 50 payment applications have been validated by today.
On the intense and constantly growing market it sounds shocking. 50 is a tiny piece
of all available products.

Moreover, the up-to-date list includes only 1 payment application for cellular
phones - the most fast-growing industry's tenderfoot (A survey from Visa USA,
reported in Bank Systems & Technology, shows that 61% of the respondents ages 25 to
34 were interested in making purchases via their cellphones). Still the adoption of
PCI Data security standard may dramatically intensify anti-fraud efforts.

Thus, the major payment systems recommend choosing PCI DSS compliant services and
products. It must be a cue for US and European companies as well as worldwide
outsourcing software development firms striving to offer high-quality products. In
light of this, the introduction of TechnoPark Corp.'s MPPS software and its
compliance validation, scheduled for September 2006, is a piece of important shift
towards the consolidation of high standards of payment card industry.

TechnoPark Corp. is an outsourcing software development and web design company with
head office based in the USA, Florida and technical software center based in
Ukraine, Dnepropetrovsk. Financial applications development is one of the company's
focus operation areas. Details about recently released mobile payment system MPPS
are available at http://www.technoparkcorp.com/content/view/31/40/lang,en/.




Web Site = http://www.technoparkcorp.com

Contact Details = TechnoPark Corp.
http://www.technoparkcorp.com
568, 9th Street, South Suite 202
Naples, Florida 34102
United States of America
+1 (239) 261 59 50
salesdept@technoparkcorp.com