News
CalliPay Completes a SAS 70 TYPE I Audit:
Farmington Hills, Michigan – July 12, 2010
CalliPay, a division of Callitechnic, LLC, announced today that it has successfully completed a Statement on Auditing Standards No. 70 (SAS 70) Type I audit. A SAS 70 audit is performed by an independent auditing firm and examines the controls and processes involved in storing, handling, and transmitting data securely. SAS 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants. The successful completion of the voluntary audit illustrates CalliPay’s ongoing commitment to create and maintain the most stringent controls for the protection and security of its customer’s confidential information.
The Type I audit was performed by an independent licensed Certified Public Accounting firm that specializes in conducting SAS 70 audits. The auditor examined CalliPay’s controls related to transaction processing and settlement, information security, database access, firewall configuration, application change, backup, disaster recovery, fire suppression, physical security, and other controls. Following the audit, CalliPay received a Service Auditor’s Report with an unqualified opinion, demonstrating CalliPay properly described, documented and implemented relevant controls and such controls were in place as of July 9th 2010.
"The successful completion of our SAS 70 Type I audit provides our customers with the assurance that the controls and safeguards we employ protect, secure and accurately process their data with the highest level of security and reliability," Christos Gryparis, President, CalliPay.
SAS 70 audits have become increasingly important for data-handling service providers since the passage of the Sarbanes-Oxley legislation, which requires a company’s business partners to have adequate internal controls. CalliPay customers can easily incorporate its Service Auditor’s Report in their Sarbanes-Oxley compliance programs as proof that appropriate controls are in place. The SAS 70 audit can also help CalliPay’s customers to comply with other regulations, including HIPAA (Health Insurance Portability and Accountability Act), GLBA (Gramm-Leach-Bliley Act of 1999), and ISO 27001.
About - CalliPay’s Commerce Systems and Solutions:
CalliPay is a leading provider of web-based payment and commerce solutions. Headquartered in Farmington Hills, Michigan, CalliPay provides an integrated, intuitive system where users can access, process, control, and communicate many different commerce services including:
- payment processing over the phone, web, IVR, or as recurring payments,
- e-check, credit card and debit card payments,
- e-billing, and
- messaging applications.
Visit us at The Payments Authority 2010 Conference:
Farmington Hills, Michigan – July 11, 2010
The Payments Authority will hold its annual Concepts 2010 event from October 6 - 8, 2010. Topics include Payments Fraud and Risk, Mobile Payments, Remote Deposit Capture, Corporate Account Takeovers, Bank Secrecy Act (BSA), Third Party Agreements, Corporate ACH Case Studies, Web Payments and more. Please visit our display at the event or contact us at 888-882-9204 or info@callipay.com if you would like to arrange a meeting during the conference.
The Payments Authority – Concepts 2010
http://www.thepaymentsauthority.org/AM/Template.cfm?Section=Concepts1&Template=/CM/ContentDisplay.cfm&CONTENTID=3008
