Payments and Loyalty Solutions and Services has been an area of focus and growth for ThoughtFocus’ Financial Services business. ThoughtFocus is well positioned to serve the global digital payments market, sized at over $44 billion, with digital transformation solutions for payments and loyalty. Our clients expect us to stay ahead of technology trends as well as keep up with the most stringent security and compliance regulations of the industry.
We continue to provide diverse and more complex solutions to our clients and have achieved another milestone in establishing our commitment to industry best practices and adherence to security and compliance regulations. ThoughtFocus recently received PCI DSS Level 1 certification covering the areas of Offshore Development Center (ODC), Hosted Solution Platform (Data Center) and Back Office Operations (BPO). Our Report on Compliance (RoC) is available to clients and it demonstrates our assurance in providing services that adhere to the PCI Security Standards Council’s regulatory guidelines.
PCI DSS Level 1 Service Provider status enables ThoughtFocus to accelerate its Payment and Loyalty solutions business with a strategic focus on EMV Certification Engineering, DevOps and Product Development, and Testing Services. ThoughtFocus is scaling up this business as part of an aggressive growth strategy that includes expanding our capability to provide EMV certification engineering out of our delivery centers spread across the United States and India.
ThoughtFocus is a trusted solutions provider to the global payments and loyalty solution ecosystem, serving acquiring banks, processors, device providers, gateway providers, ISOs as well as merchants. PCI DSS Level 1 certification and EMV solutions help the company solidify its payments capabilities and provide a foundation for future growth.