PRZOOM - /newswire/ -
King of Prussia, PA, United States, 2016/10/27 - Achievement supports company’s commitment to data privacy, security and compliance - Greenphire.com.
Greenphire, the global leader in clinical payment solutions, announced today that it has been certified by the U.S. Department of Commerce to the new EU-U.S. Privacy Shield Framework. The new framework requires companies to meet stronger obligations to protect the personal data of Europeans, and replaces the EU-U.S. Safe Harbor, with which Greenphire was already compliant.
“Our business sits at a crossroads of clinical trials and financial services two highly sensitive, highly regulated industries that rely on data privacy and compliance,” said Jim Murphy, CEO of Greenphire. “This certification demonstrates our commitment to data security and quality, providing just one more reason for sponsors, sites and patients to trust Greenphire.”
The EU-U.S. Privacy Shield Framework replaces the longstanding International Safe Harbor Privacy Principles. The U.S. Department of Commerce and European Commission developed the framework to allow organizations to comply with EU data protection requirements when transferring personal data from the European Union to the United States. Certification requirements include: greater transparency, oversight mechanisms to ensure companies abide by the rules, and tightened conditions for onward transfers.
Greenphire leads the industry in innovating and optimizing global clinical trial payments. Providing a better way to pay patients and sites around the world, Greenphire is the partner of choice to more than 500 clients, including 9 of the top 10 pharmaceutical companies.
Greenphire (greenphire.com) is the leader in global clinical trial payment solutions. Greenphire’s best-in-class solutions optimize clinical trial performance by simplifying and streamlining payment processes from sponsors and CROs to sites and patients. Greenphire’s ClinCard and eClinicalGPS solutions easily handle any type of trial design and complexity, resulting in more accurate and compliant payments globally for both sites and patients. The choice of industry leaders worldwide, Greenphire provides better performance and better data, resulting in better trials.