February 5th, 2013, London, United Kingdom – G2, a leading provider of payment risk management solutions for members of the payments value chain, and Sysnet Global Solutions, a leading global provider of payment card industry compliance management services specializing in PCI DSS, announced the formation of their new partnership today at the 4th Annual G2 Merchant Risk Summit.
The partnership will enable G2 to integrate Sysnet’s PCI DSS compliance solutions into the full suite of services it currently offers to more than 200 acquiring clients globally focused on due diligence, compliance and fraud. G2 will now offer the CompliancePlus Suite, which includes Sysnet’s PCI DSS compliance management solutions.
“Partnering with G2 made a great deal of sense for us on many levels,” said Gabriel Moynagh, CEO of Sysnet. “Our complementary cultures, industry reputations, high-touch customer service and range of client-focused products made G2 the natural choice for a global partnership. We are thrilled to team up with them and help them to deliver our highly successful programs to their customer base.”
“With Sysnet and G2 joining forces, we will offer clients globally an unrivaled PCI DSS solution suite built on the proven success of two great organizations,” said Robert Caldwell, Founding Partner of G2. “We look forward to continuing our legacy of innovation and thought leadership by partnering with Sysnet to deliver the most comprehensive risk and compliance suite available.”
PCI DSS (Payment Card Industry Data Security Standard) is a set of comprehensive requirements developed by the founding payment brands of the PCI Security Standards Council, American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa Inc., for enhancing the security of payment account data, transactions and payment systems.
The G2 Merchant Risk Summit is G2’s fourth annual invitation-only Summit of executives and thought leaders from card networks, acquirers, payment service providers, merchants and brand rights holders who gather yearly to discuss emerging trends in risk and compliance in the payments industry, and to set the agenda for tackling issues related to the rapidly changing payments and risk landscape.
For the first time, G2 Web Services will host a PCI specific discussion entitled, “A Comprehensive Approach to PCI Success,” with Jen Mack, VP of Strategic Partnerships at G2 and Paul Prior, Chief Product Officer at Sysnet.
G2 is a leading global provider of payment risk management solutions for due diligence, compliance, and fraud mitigation for supporting members of the payments value chain. G2’s key focus is to maximize clients’ ability to grow their business by managing risks within each client’s specific risk tolerance. G2’s global breadth, depth, and experience gives acquiring banks, ISOs and payment service providers a unique perspective to successfully navigate the complexities of changing regulations, card network rules, and the rapidly shifting payments landscape to identify risk.
Since the company’s inception in 2004, G2 has investigated, analyzed and linked data from over 16 million merchants, billions of webpages, and dozens of data sources, building the G2 Merchant MapÔ. The G2 Merchant Map is the industry’s most extensive map of global merchant data, offering current and historical merchant relationships, merchant risk history and insight into merchant behaviors. The Merchant Map helps power G2’s custom due diligence, compliance and fraud detection solutions.
G2 Web Services has over 200 clients globally. The company is headquartered in Bellevue, Washington, and has sales offices in New York, London and Shanghai. For further information, visit www.g2llc.com.
About Sysnet Global Solutions
Established in 1989, Sysnet Global Solutions provides payment card industry compliance services, specializing in PCI DSS compliance validation and merchant intelligence solutions. Sysnet offers a range of services, including its proprietary web based compliance management and merchant intelligence solution Sysnet.airTM, to a wide variety of businesses including acquirers, ISOs, international banks, payment service providers and merchants.
Sysnet.airTM is a fully white-labeled merchant intelligence solution that centers around the compliance process, enabling acquiring organizations to build strong relationships with their merchants through sustained and meaningful interaction. Sysnet.airTM provides the acquirer with the means to know and understand their customers’ requirements and needs, which improves merchant loyalty and reduces merchant attrition.
Sysnet has more than 20 years’ experience in multiple IT environments and its expert engineering and consulting teams are certified to the highest standards. Headquartered in Dublin, Ireland, Sysnet has clients in more than 35 countries worldwide and has been operating and providing services to clients in the United States since 2009. In 2012, Sysnet.airTM received two of the three awards (Jury Vote and Best Product Pitch) at the Florin awards in Europe. The Florin Awards were created to stimulate and reward innovation in the transaction service industry. For further information visit: www.sysnetglobalsolutions.com.
Georisa Chang, G2 Web Services, +1 425 749 4040
Sandra Higgins, Sysnet Global Solutions, +353 (0)1 495 1300
For more information, please contact us.