SPVA Builds Membership to Accelerate Enhanced Security Guidelines
July 20 2009 - 9:00AM
PR Newswire (US)
Atos Worldline, Heartland Payment Systems, Moneris Solutions,
Radiant Systems, Inc. and Witham Laboratories join SPVA ATLANTA,
July 20 /PRNewswire-FirstCall/ -- Five electronic payment companies
have joined the non-profit Secure POS Vendor Alliance (SPVA),
created by Hypercom (NYSE:HYC), Ingenico S.A. (EURONEXT: ING) and
VeriFone (NYSE:PAY) to foster widespread compliance of existing
security standards to protect cardholder information and defend
merchants and acquirers against security breaches. "Membership in
the SPVA reinforces our commitment to advancing security within our
industry, enables us to gain first-hand knowledge of current
security threats and proactively shape future security guidelines,"
said Antoine van Diem, general manager technologies & products,
Atos Worldline. "The SPVA's expertise includes education and a
focus on best practices," said Steven Elefant, executive director
of end-to-end encryption at Heartland Payment Systems . "It is
vital that we as stakeholders continue to innovate so that
ultimately, we enhance the security of our industry as it grows."
SPVA members provide the key security elements among consumers,
merchants and transaction acquirers and issuers. Members of the
SPVA deliver a unique experience with security guidelines, ensure
best practice implementation and continue to evolve security
enhancements and interoperability required to reduce fraud and
lower risk for all participants in card payment transactions.
Membership is open to all vendors that develop secure POS payment
systems or have products or solutions that interact with secure POS
payment devices such as retailers, acquirers and banks. New members
that have signed up with the SPVA since May 2009 include: Joining
as a General Member, Atos Worldline is the European leader in
electronic payments and transactions delivering innovative
solutions to advance its clients' businesses. It specialises in
end-to end payment services (issuing, acquiring, payment solutions
and card processing), services for financial markets as well as CRM
and eServices (Internet, voice and mobile solutions). Every year
Atos Worldline wins prestigious market awards in recognition of its
continuous commitment to research and development of leading edge
solutions. Awarded solutions cover expertise in areas such as
mobile payments, secure IPTV, online CRM, ticketless solutions. A
100% subsidiary of Atos Origin, Atos Worldline generates annual
revenues of around euro 800 million and employs over 4,800 people
in Europe. http://www.atosworldline.com/ Heartland Payment Systems,
Inc., a NYSE company trading under the symbol HPY, delivers
credit/debit/prepaid card processing, payroll, check management and
payments solutions to more than 250,000 business locations
nationwide. Heartland is the founding supporter of The Merchant
Bill of Rights, a public advocacy initiative that educates
merchants about fair credit and debit card processing practices.
http://www.heartlandpaymentsystems.com/ Moneris Solutions, one of
North America's largest providers of payment solutions. Moneris
offers credit, debit, wireless and online payment services for
merchants in virtually every industry segment and processes more
than 3 billion transactions annually. Through its Ernex division,
Moneris offers electronic loyalty and stored-value gift card
programs. With more than 350,000 merchant locations, Moneris
provides the hardware, software and systems needed to improve
business efficiency and manage payments. For more information
please visit http://www.monerisusa.com/. Headquartered in Atlanta,
Radiant Systems, Inc. (NASDAQ:RADS) is a global provider of
innovative technology to the hospitality and retail industries. For
more than two decades, Radiant's point of sale hardware and
software solutions have helped to redefine the consumer experience
in more than 100,000 restaurants, retail stores, stadiums, parks,
arenas, cinemas, convenience stores, fuel centers and other
customer-service venues. Radiant has offices in North America,
Europe, Asia and Australia. http://www.radiantsystems.com/ A
leading provider of specialist payment security evaluation
services, Witham Laboratories is accredited to perform evaluations
and audits against local and global security standards including
all PCI standards (PCI PED, PCI DSS, and PA DSS). With its head
office in Melbourne, Australia, Witham Laboratories has clients
around the globe and works directly with vendors of POS and PIN
entry devices, merchants, and acquirers and card schemes, to assist
in their understanding of compliance to the payment standards.
Witham Laboratories is an active member of many industry standards
bodies, and uses its intimate knowledge of these standards to
provide the best possible service and advice to its clients.
http://www.withamlabs.com/ To learn more about membership
opportunities, visit http://www.spva.org/. About Secure POS Vendor
Alliance (http://www.spva.org/) The Secure POS Vendor Alliance
(SPVA) is a non-profit organization that works with the multiple
stakeholders of the payment value chain. Its aim is to develop an
end-to-end security framework and to enhance security elements of
payment solutions which protect cardholder information and defend
merchants and acquirers against security breaches, while helping
reducing fraud and lowering risk for all electronic payment
stakeholders. About Hypercom (http://www.hypercom.com/) Global
payment technology leader Hypercom Corporation delivers a full
suite of high security, end-to-end electronic payment products and
services. The Company's solutions address the high security
electronic transaction needs of banks and other financial
institutions, processors, large scale retailers, smaller merchants,
quick service restaurants, and users in the transportation,
petroleum, healthcare, prepaid, unattended and many other markets.
Hypercom solutions enable businesses in more than 100 countries to
securely expand their revenues and profits. Hypercom is a founding
member of the Secure POS Vendor Alliance (SPVA) and is the second
largest provider of electronic payment solutions and services in
Western Europe and third largest provider globally. About Ingenico
(http://www.ingenico.com/) Throughout the world, banks and
retailers rely on Ingenico for secure and expedient electronic
transaction acceptance. Ingenico solutions leverage proven
technology, established standards and unparalleled ergonomics to
provide optimal reliability, versatility and usability. This
comprehensive range of products is complemented by a global array
of services and partnerships, enabling businesses in a number of
vertical sectors to accept transactions anywhere their business
takes them. About VeriFone Holdings, Inc.
(http://www.verifone.com/) VeriFone Holdings, Inc. ("VeriFone")
(NYSE:PAY), a global leader in secure electronic payment
technologies, provides expertise, solutions and services for today
with a migration strategy for tomorrow. VeriFone delivers solutions
that add value to the point of sale, resulting in improved merchant
retention and the generation of new sources of revenue for its
partners and customers. VeriFone solutions are specifically
designed to meet the needs of vertical markets including financial,
retail, petroleum, government and healthcare. Safe Harbor Statement
under the Private Securities Litigation Reform Act of 1995 This
press release includes statements that may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
regarding the development, adoption, implementation,
interoperability, performance and effectiveness of electronic
payments industry security standards, the development of future
security standards and guidelines intended to reduce and prevent
fraud and other threats to electronic payment transaction
integrity, and lower risk for all participants in card payment
transactions. These forward-looking statements are based on current
expectations and beliefs and are subject to risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. In particular, factors
that could cause actual results to differ materially from those in
forward-looking statements include: the ability of the Alliance to
attract significant industry membership and participation in its
activities and adherence to its policies and guidelines; industry,
technological and regulatory changes; industry and market
acceptance of and compliance with new security standards and
guidelines; compliance with disparate certification requirements
and government regulations; the state of the U.S. and global
economies in general and other risks detailed in the companies'
filings with the Securities and Exchange Commission, including the
companies' most recent 10-K and subsequent 10-Qs and 8-Ks.
Forward-looking statements speak only as of the date made and are
not guarantees of future performance. We undertake no obligation to
publicly update or revise any forward-looking statements.
DATASOURCE: VeriFone Holdings, Inc. CONTACT: Candace McCaffery, ,
or Carol McEntee, , both of SPVA, +1-404-816-2037, cell,
+1-678-640-7822 Web Site: http://www.verifone.com/
http://www.atosworldline.com/
http://www.heartlandpaymentsystems.com/ http://www.monerisusa.com/
http://www.radiantsystems.com/ http://www.withamlabs.com/
http://www.spva.org/ http://www.hypercom.com/
http://www.ingenico.com/
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