Warehouse Money achieves A+ for payment card data security

15 September 2016

Warehouse Money achieves A+ for payment card data security

Warehouse Money has been given a key certification for payments security – all within the first year of launching its brand new Warehouse Money Visa cards.

The certification – named Payment Card Industry Data Security Standard, or PCI-DSS – is a standard assessed by a Qualified Security Assessor (QSA), and endorsed by global payments technology company Visa, to ensure financial services organisations have robust controls in place to reduce credit card fraud and protect payment security for their customers.

The certification is for the Warehouse Money Visa Card and Warehouse Money Purple Visa Card, two new Warehouse Money credit card products launched in November last year.

“This is confirmation that our work to ensure our payment card data security is of the highest level,” said Hadyn Halls, Executive General Manager for Warehouse Money. “We wanted to make sure our processes were robust right from the start, so we can protect our customers from any breaches or theft of cardholder data.”

“Validation to PCI-DSS, and data security, is an important component of the multi-layered security strategy we have in place to ensure the security of the payments system,” said Sam Gianniotis, Chief Risk Officer, Visa, Australia, New Zealand and South Pacific.

“We continuously engage with all payment system stakeholders to work towards achieving PCI-DSS and adopting best practices to safeguard payment card data,” said Gianniotis.

“We congratulate Warehouse Money for gaining validation to PCI-DSS and for achieving it so soon after launching its Warehouse Money Visa Card and Warehouse Money Purple Card to market.”

The Warehouse Money Purple Visa Card was also recently awarded a 5-star rating by Canstar for outstanding value in its annual ratings for Rewards cards in the New Zealand market. The award was for the $12k and under annual spend category.

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About The Warehouse Group Financial Services and Warehouse Money:

The Warehouse Group Financial Services (TWGFS) is a leading provider of consumer credit cards and insurance. Its key brand is Warehouse Money which was launched to help New Zealand families get more out of every day with financial products and services that suit their needs from a trusted and loved Kiwi brand. TWGFS and Warehouse Money are part of The Warehouse Group, a New Zealand success story which includes Page 2 of 2

some of the country's most iconic retailers. TWGFS also offers a variety of consumer and corporate finance solutions through Diners Club and Marble Finance.

About The Warehouse Group:

The Warehouse Group Limited comprises 92 Warehouse stores, 70 Noel Leeming stores, 66 Warehouse Stationery stores and 10 Torpedo7 stores in New Zealand and several online businesses. The company had a turnover of $2.8 billion in FY15 and employs over 12,000 people.

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