Regulus Completes SAS 70 Type II Certification
Leading
independent bill presentment and payment processing solutions provider
voluntarily meets stringent requirements.
Napa, CA - October 11,
2006 - Regulus, the nation's largest independent provider of paper and
electronic-based bill presentment and processing solutions, announced today the
successful completion of a SAS 70 Type II audit. The rigorous third-party
testing confirms the reliability and security of the Regulus operating
environment for document and remittance processing, and that control standards
are in place as required by the Sarbanes-Oxley Act.
“The SAS 70 Type II
audit is an internationally recognized review of processes and procedures
surrounding IT, personnel and financial processes within a service
organization,” explained Christian Philips, Regulus Security Officer. “We know
that our customers' reputations depend on the security of their data and we will
provide superior controls and safeguards to protect it through voluntary
compliance of an annual SAS 70 Type II audit.” According to Philips, Regulus is
the only invoice/statement processing operation to conduct annual SAS 70
audits.
The Sarbanes-Oxley Act introduced major changes to the regulation
of corporate governance and financial practice. Section 404 requires publicly
traded companies to publish information in their annual reports concerning the
scope and adequacy of the internal control structure and procedures for
financial reporting, including their effectiveness. Service organizations such
as Regulus are viewed as extensions of the companies they serve as interpreted
under Sarbanes-Oxley, and therefore must meet thorough internal control
standards.
“Regulus and our customers share an increased awareness and
emphasis on security,” said Kathy Hamburger, President and COO of Regulus. “Our
ability to provide SAS 70 Type II certification of our document and remittance
processing operations confirms we are partners committed to protecting our
customers' vital information assets while advancing the business of customer
transactions.”
Regulus constantly conducts evaluations and enhancements
based on advancements in technology and changes in the threat environment. In
fact, the company is currently in the midst of obtaining ISO 17799
certification, a rigorous and detailed standard for information
security.
“Regulus sets the standard in the industry with our willingness
to devote the time and resources necessary to obtain this certification,”
Philips added. “We know this investment is critical to maintain our customers'
confidence in our security procedures and facilitate their audit processes.”
ABOUT REGULUS
Founded in 1995,
Regulus is the largest independent payment processor in the United States,
servicing nearly two billion paper and electronic transactions every year for
Fortune 500 customers. Regulus delivers an end-to-end solution, starting from
release of the customer's billing file for invoicing, through the posting of the
associated paper or electronic payment, to support of customer care and
collections. By leveraging data from the total payment cycle, Regulus is able to
offer value-added services that provide measurable process efficiencies. The
company is headquartered in Napa, California, and has offices nationwide.