First Associates Loan Servicing Achieves Industry’s Highest Level of Security for Cardholder Data
San Diego, CA – May 31, 2017 – First Associates Loan Servicing announced today that they received certification of Payment Card Industry (PCI) Data Security Standard 3.2 SAQ D compliance. This comes on top of two other recent big wins for the company; a Morningstar MOR RV1 ranking with a forecast of ‘stable’ which is the highest certification to assess operational risk and overall excellence in loan servicing; and winning the LendIt 2017 Top Service Provider award.
“PCI Compliance certification is an important milestone for us and demonstrates First Associates’ continuing commitment to industry-leading information security,” said David Johnson, CEO of First Associates Loan Servicing.
The PCI Security Standards Council is responsible for maintaining, evolving and promoting payment card industry standards for the safety of cardholder data across the globe. Receiving PCI Data Security Standard 3.2 SAQ D compliance means First Associates has the very latest technical and operational requirements designed to protect consumer account data in place.
The weeks-long certification process verifies compliance with exacting standards surrounding:
- Physical security
- Security management
- Policies and procedures
- Network architecture
- User access management
- Network and systems monitoring
- Software development
About First Associates Loan Servicing, LLC
First Associates offers in-depth industry expertise, cutting-edge technology and a comprehensive array of services across a variety of asset classes. They are the fastest growing third party servicer of loan and lease portfolios in the United States and are expanding their reach and services across the globe. Their model is built with client success in mind and delivers flexible, scalable and innovative solutions to meet the demands of any company.
First Associates is the only company in it’s class to receive a Morningstar MOR RV1 rating for mitigated risk and overall excellence in loan servicing, they were selected by their peers to be the LendIt 2017 Top Service Provider and they celebrated their 30-Year Anniversary in 2016. http://www.1stassociates.com.
About the PCI Security Standards Council
The PCI Security Standards Council is a global forum that is responsible for the development, management, education, and awareness of the PCI Data Security Standard (PCI DSS) and other standards that increase payment data security. For more, visit www.pcisecuritystandards.org.
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