MercadoPago payment platform receives highest security certification

Security standards and requirements for protecting customer data

Internet payment platform MercadoPago has received the Payment Card Industry (PCI) certification for its payment services in Brazil, Argentina, Mexico and Venezuela (view press release). This PCI certification recognizes compliance with a set of security standards and requirements for protecting customer data.

MercadoPago registered USD370 million in online payments during the first four months of 2012. This figure represents a 50 percent increase on the same period last year. Meanwhile, the number of transactions processed through the platform increased by 84.6 percent to reach 4.9 million payments.

Before the introduction of payment platforms in the LATAM region, one of the main obstacles to the growth of e-commerce was a lack of customer confidence in the security of payment processing. The payment services has helped many companies, including, Nike, Groupon, Pez Urbano and Agrupate to provide services and products online. 

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