Frequently Asked Questions

What is this?

Many companies have had their business impacted by the recent legal and compliance issues facing Wirecard. We (VGS) have been contacted by a number of companies affected by this situation to help them get ownership and control over their payments data while switching from Wirecard to other service providers. This website is intended to help any company figure out how to port their data from Wirecard into new vendor(s) with no disruption in service, and without having to struggle with things like PCI-DSS compliance. We can also help companies switch between any vendor - not just Wirecard.

Very Good Security (VGS) specializes in data security and compliance. We help companies gain ownership of their data independent from their service providers, so they can separate the ability to use and share data with vendors from the data storage and compliance itself.

How does this work?

If you are seeking to switch from Wirecard (or any other vendor) to another payment or issuing partner, we (VGS) will help you move your data securely without having to deal with PCI compliance.

VGS has already helped many companies switch between one or multiple vendors while retaining ownership of their data without coming into scope from a compliance or regulatory standpoint. VGS will coordinate with Wirecard and your new vendor(s) on your behalf, to securely transfer data.

And if you need help finding a new vendor for payment processing, card issuing, disbursement, or other services, VGS already works with most of the industry-leading companies and we are happy to help you choose the right partners for your needs.

Prevent Future Vendor Lock-In

While you’re in the process of switching providers, you might also choose to take advantage of VGS’ secure data vault to retain a copy of your payments or card data. VGS can act as your independent data custodian, so you keep a copy of your sensitive data separate from the payment vendors you choose to work with. This prevents vendor lock-in, and can help you use one or more service providers without having to deal with PCI-DSS compliance. We also provide compliance for SOC 2, GDPR, CCPA, HIPAA and more.

VGS connects to hundreds of processors and issuers. Here’s a partial list of the companies VGS customers are already connecting to and that we can help you switch between:

If you don’t see your chosen partner on the list, we can still support you. Please contact us with questions.

Why should I trust you?

We’re glad you asked. This should be everyone’s number one question when it comes to handling sensitive and business-critical data. As we’ve seen time and time again, choosing your partners and vendors wisely is essential, particularly in fintech and payments.

This site is brought to you by Very Good Security (VGS), a leading provider of data security and compliance infrastructure. We’re backed by investors including VISA, Goldman Sachs and Andreessen Horowitz, and we are privileged to serve customers ranging from innovative fintechs to the Fortune 500. VGS is a PCI-DSS Level 1 service provider (see our listing on Visa’s Service Registry here). We are also the only data security and compliance provider listed on Visa’s partner directory.

Prior to starting VGS, our co-founders built Balanced Payments, one of the first-ever payment facilitators (they exited Balanced to Stripe in 2015). Balanced spent over a year and $1million achieving the requisite security and compliance certifications to operate their payments business. That experience of securing hundreds of millions of records of sensitive information inspired our founders to create a better solution for data security, which became VGS.

We believe that retaining ownership and control over your data is paramount. VGS acts as a custodian for sensitive data, allowing companies to use their data to achieve business objectives without having to incur the risk, liability and costs associated with building compliance and security infrastructure from scratch.