PayLease, a leading online payments provider for the property management and HOA industry, today announced its recertification as a PCI Level 1 Service Provider with the Payment Card Industry Data Security Standard (PCI DSS) for the third consecutive year. A Level 1 certification is the highest security standard available for payment merchants and signifies that all transactions processed by PayLease comply with the most stringent security standards.
The PCI Security Standards Council, an organization founded by American Express, Discover Financial Services, JCB, MasterCard Worldwide, and Visa International, is an independent body formed to develop, enhance, disseminate, and assist with the implementation of standards for payment account security.
To achieve PCI Level 1 status, PayLease’s networks and data security procedures were subjected to an extensive and thorough third-party audit process. Additionally, there is a multitude of daily, monthly, and quarterly tasks that the firm is required to complete to maintain its Level 1 status.
“Security is one of our top priorities at PayLease,” remarked Wade Williams, Vice President of Engineering at PayLease. “Continually renewing our PCI Level 1 certification gives the property management companies and residents we do business with peace of mind that PayLease has an exceptionally safe and reliable transaction platform. Furthermore, PayLease continues to invest in new technology, assess procedures, and implement controls as security standards change,” he added.
More information on the PCI Security Standards Council can be found at www.pcisecuritystandards.org.
PayLease is a leading electronic payments provider for the property management industry, specifically targeting the multifamily, single family, HOA and commercial markets. PayLease provides property managers the ability to accept and manage rent payments and HOA payments through a secure online interface. With PayLease, residents are able to pay their property manager using an E-check, a credit card or with cash from a retail location. Since its inception in 2003, PayLease has grown to serve thousands of property management companies nationwide and is among the fastest growing technology companies in the United States.
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