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Share Name | Share Symbol | Market | Type |
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Hypercom Corp | NYSE:HYC | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 8.56 | 0.00 | 01:00:00 |
The Secure POS Vendor Alliance (SPVA), a non-profit business organization founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY), announces the release of standards for the post manufacturing stage of a secure payment device. The new guidelines require that a payment device be properly handled from the moment it is produced to the moment it is loaded with customer keys.
The newly introduced requirements are designed to increase accountability for numerous stakeholders including payment device vendors, manufacturers, key injection providers responsible for the initial loading of the payment device, acquirers and security audit firms.
“The current standards in the post manufacturing stage cannot provide complete authenticity and we feel that we have identified a list of solutions to improve security,” said Roberto Fananas, Hypercom security manager. “The SPVA’s guidelines for the post manufacturing stage ensure that key data and materials used in the key loading process meet specific security requirements, thus eliminating the risk of fraudulent behavior.”
Prepared by the association’s Lifecycle of a Secure Payment Device Technical Working Group, the guidelines feature key elements including:
“The recommended guidelines by our Lifestyle of a Secure Payment Device Technical Working Group are designed to meet the security objectives of confidentiality, integrity, accountability, authenticity and non-repudiation,” said Steven Hughes, SPVA president. “The ultimate goal is to protect cardholder information and defend merchants and acquirers against security breaches.”
The release of requirements for the post manufacturing stage of a payment device will conclude the work of the SPVA’s Lifestyle of a Secure Payment Device Technical Working Group.
Since its launch in April 2009, SPVA has experienced rapid growth with prominent industry leaders joining, including Atos Worldline, Heartland Payment Systems, Chase Paymentech, Radiant Systems, Inc., Voltage Security and many others. All members are eligible to participate in SPVA’s Technical Working Groups and contribute to future industry standard publications.
For more information about the SPVA or to view the post manufacturing stage of secure payment device white paper, visit www.spva.org.
About Secure POS Vendor Alliance (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 reduce fraud and lowering risk for all electronic payment stakeholders.
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