Virtual Piggy Inc. has received official financial security certification for its kid-safe ecommerce system, which enables minors to engage in online financial transactions guided by parental permission, oversight and control.

The company now can offer the reassurance of its attaining Level 1 service provider status according to the PCI Data Security Standard for merchants and service providers that store, process or transmit customer payment card data. Virtual Piggy had previously been granted a seal by the TRUSTe Children’s Privacy Program, which has been approved by the Federal Trade Commission as a Children’s Online Privacy Protection Act (COPPA) Safe Harbor program.

Virtual Piggy provides a unique technology to allow the U18 community to transact online in a secure COPPA compliant manner,” said Debbie Grant, director of Financial Services at Virtual Piggy. “It is mission critical for us to place data security as our top priority, and we are delighted to achieve certification of our compliance with the highest level of the PCI DSS standard.”

Demonstrating one type of application for the system, early in November Virtual Piggy entered into an agreement to integrate its service into the ecommerce platform of in-game and social network monetization specialist Xsolla. Virtual Piggy also is a PayPal partner, and In October also completed its integration into eBay’s Magento platform, which is part of the X.Commerce framework used by thousands of merchants.

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Photo courtesy of Virtual Piggy