UGSPay, a leading provider to high risk merchants has announced its accreditation for Payment Card Industry Data Security Standard (PCI DSS).

PCI DSS are the payment card industry's stringent security requirements for companies that process or store cardholder data. It is endorsed by all the major card brands - Visa Inc., MasterCard Worldwide, Discover Network, American Express and JCB.

Obtaining accreditation involved scrutinisation of the hosting environment, information security policies, procedures and IT environment.

Joergen Iversen, CTO of UGSPay said, "We consider ourselves to be technology leaders, and to have our systems validated by a third party is testament to that. Online fraud is a growing problem around the globe. Payment processors that fail to maintain the highest security standards can form part of that problem, but today we've confirmed that we are part of the solution."