InfoIMAGE Gains SAS 70 Accreditation Print

Menlo Park, California, April 8, 2008

 


 

InfoIMAGE, Inc. today announced it has received the Statement on Auditing Standards No. 70 Report TYPE II "Service Organization" for its internal security controls protecting documents it processes, prints or presents online.


The SAS 70 audit, conducted by AuditOne Inc, stands as an authoritative, independent confirmation of the security and integrity of InfoIMAGE's control objectives and control activities, affirming the company's reputation as a trusted provider of document printing and electronic presentment services for financial, health care and insurance companies.


This validation is important because of new legal obligations that impact how financial and health care insitutions demonstrate and maintain the security of customer/member information. With the introduction of the Financial Services Modernization Act of 2001, all financial institutions are required by law to uphold standards relating to administrative, technical and physical safeguards for customer records and information. By extension, these standards must be upheld by any of a financial institution's outsourced service providers that handle sensitive customer information.


Similar standards also apply to outsourced providers of health care documentation. In 2003, the Department of Health and Human Services (HHS) enacted privacy provisions to the Health Insurance Portability and Accountability Act of 1996 (HIPAA). These federal privacy standards were established to protect patients' information provided to health plans, doctors, hospitals and other health care providers.


By initiating the SAS 70 audit, InfoIMAGE has proactively addressed the need for information security, signaling to financial services customers and prospects that the company's controls are in place.


"We undertook the SAS 70 audit to make it even easier for companies who work with us to rest assured their sensitive customer/member information and financial instruments are safe with InfoIMAGE, Inc.," said Howard Lee, president and CEO of InfoIMAGE. "The SAS 70 report is important, independent validation of the various controls that have always been an integral part of the InfoIMAGE service environment."


About the SAS 70

The SAS 70 provides guidance to enable an independent auditor to issue an opinion on a service organization's description of controls through a Service Auditor's Report. Developed by the American Institute of Certified Public Accountants, SAS 70 is the authoritative guidance that allows service organizations - like InfoIMAGE - to disclose their control activities and processes to their customers and their customers' auditors in a uniform reporting format. For more on the SAS 70, see www.auditoneinc.com/3.html.


About InfoIMAGE, Inc.

InfoIMAGE is a leading provider of printing, mailing, and online document delivery solutions for financial institutions across the United States. InfoIMAGE processes, prints, and mails financial statement and notices; electronically archives statement, notices, and other types of documents for online delivery and research. Learn more about InfoIMAGE at www.infoimageinc.com.