Phil Agcaoili, senior vice president and chief information security officer for Elavon, a leading global payments provider and subsidiary of U.S. Bancorp (NYSE: USB), has been elected to serve on the 2015-2017 PCI Security Standards Council Board of Advisors. Agcaoili is one of 28 board members to join the PCI Council, which is comprised a group of global organizations that represent all parts of the payments ecosystem, including merchants, financial institutions, processors and others to ensure all are represented in the ongoing development of PCI security standards. Areas of importance include new cybercrime tactics, public-private-law enforcement information sharing, app development and merchant needs in developing economies.
Phil’s role on the PCI Board speaks to his expertise in payments security as well as his passion for solving the issues facing our industry,” said Thomas Phillips, chief information officer for Elavon. “His input will prove invaluable as the group continues to evolve the standards to meet industry demands.”
Agcaoili is a 25-year industry veteran, and is responsible for all aspects of global information security, cyber security, data protection, and information and security risk management at Elavon. He has authored and co-authored multiple publications and reports focusing on critical infrastructure cyber security frameworks, cloud security standards and conformity assessments, security and privacy attestations, and digital forensics and electronic discovery. A well-respected leader in the industry, Agcaoili has received numerous awards, including the inaugural Information Security Executive of the Decade Award, 2014 Evanta Top 25 Global CISO Leadership Award and 2012 RSA Conference Excellence in the Field of Security Practices.
The PCI Security Standards Council was launched in 2006 as a regulatory body to address the alarming number of cardholder data breaches happening around the world. It was created by the top five global payment brands – American Express, Discover Financial Services, JCB International, MasterCard, and Visa Inc. – to develop, manage and build awareness of the PCI Security Standards. Today, the Council oversees a variety of security standards such as the Data Security Standard, Payment Application Data Security Standard and PIN Transaction Security requirements.
Notes to editors
About Elavon
Elavon is a leading global payments company with more than 4,300 employees and operations in 10 countries. A subsidiary of U.S. Bancorp (NYSE:USB), Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go. Its platform is distinctive in that it is common across countries, making it easier for businesses to get their payment system up and running quickly and securely.
Elavon Financial Services DAC, trading as Elavon Merchant Services, is regulated by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorization and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $488 billion in assets as of September 30, 2019, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company. Visit U.S. Bank online or follow on social media to stay up to date with company news.
Visit U.S. Bank and Elavon online or follow on social media to stay up to date with company news.
***********************************************************************************************************************************