CommerceTrust Ltd signed an MOU with VISA on 13th Feb 2003. This Memorandum of Understanding (“MOU”) is intended to integrate/align VISA’s Account Information Security Program (AIS) with ConsumerTrust’s Code of Practice Audit requirements. Visa will acknowledge that such Target Merchant is compliant with Visa’s AIS Program requirements if CommerceTrust certifies or accredits a Target Merchant as having fulfilled the Integrated Standard and awards such Target Merchant the TrustSg mark together with the ConsumerTrust’s proprietary mark.
The signing of MOU between CEO of CommerceTrust Ltd, Mr. Wong Jeh Shyan and VISA’s Head, Fraud Control & Compliance Risk Management, Mr Shamsher Kang, was witnessed by Mr Ramesh Vakiprath, COO, CommerceTrust Ltd and Ms.Niamh Hegarty, Senior Analyst, Risk Management, VISA. The ceremony was held at the CommerceTrust Ltd office.