PXP Financial, recognised for their prowess in global acquiring and payment services, has inked a partnership deal with Foregenix, acclaimed for being at the forefront of cyber security in payments, digital forensics, and PCI compliance.
The driving force behind this partnership is to enhance cyber security monitoring for PXP Financial’s eCommerce clientele. By leveraging Foregenix’s advanced technology, the partnership aims to bolster proactive measures against cyber threats in the eCommerce sphere.
Diving into the specifics of what each firm brings to the table, PXP Financial stands out as an end-to-end payment platform. Their innovative system, which processes over €22.7bn annually, offers a unified gateway for accepting payments online, on mobile devices, and at physical points of sale. Their platform’s versatility is further enriched by its integration with over 200 alternative payment methods and other financial services.
On the other hand, Foregenix, a trusted name in the payments and card industry, offers an array of cyber security services. Their expertise spans across areas like information security advisory, compliance, digital forensics, offensive cyber security, and more. Their reputation is further solidified by their long-standing role as PXP Financial’s PCI auditor for nearly 15 years.
Regarding the partnership, Foregenix’s involvement is not just confined to monitoring. The agreement outlines PXP’s intent to offer its eCommerce clients more robust protection by tapping into Foregenix’s advanced cyber security tech. Additionally, PXP Financial has gained several PCI certifications over the years, and Foregenix has been instrumental in ensuring that PXP’s security measures remain best-in-class through penetration testing.
PXP Financial Deputy Chief Operating Officer, Dwaine Thomas, said, “We have long recognised Foregenix as an industry leader with an impressive breadth of expertise, in fact, PXP was an early adopter of the Foregenix Serengeti security monitoring service which offers endpoint monitoring and SOC service. When it comes to enabling eCommerce, taking a bespoke approach and becoming an extended member of the customer’s team is essential to building effective technology solutions. Like us, Foregenix is known for attention to detail and speed, and our teams are already working seamlessly together to bring this comprehensive offering to the market.
“This is an exciting next step in a very successful collaboration, which comes at a time when the threat landscape is evolving exponentially, and cyber-attacks are becoming ever more sophisticated. I look forward to strengthening our relationship with Foregenix and giving our customers even greater peace of mind with an enhanced risk management service.”
Benjamin Hosack, Co-Founder & Director at Foregenix, expressed, “This partnership is a testament to our shared commitment to making cyber space safe for us all. As the eCommerce ThreatScape evolves and changes, we see an increasing need for specialist cyber security solutions to keep eCommerce businesses secure and trading safely. We look forward to leveraging our many years of front-line digital forensics experience and our technology to support PXP Financial and their customers today and tomorrow.
“I am grateful for the opportunity to work with PXP Financial, and I look forward to continuing our long and successful partnership.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
