Verifone Systems, Inc. (NYSE: PAY), today announced that the flagship systems of its new VX Evolution product family have been validated as compliant with the new PCI Payment Transaction Security (PTS) 3.0 security requirements.
PCI PTS 3.0 builds on existing requirements for increased security, and expands the scope of the compliance program by adding three new modules for open protocols, integration and secure reading and exchange of data. The VX 680 mobile system, desktop VX 520 and PIN entry VX 820 have all achieved the latest version of the PCI PTS requirements.
“Verifone continues to exceed industry requirements with speedy implementation of the latest security standards,” said Paul Rasori, Verifone senior vice president, marketing. “PCI PTS 2.0- and 3.0-compliant systems will coexist for several years, but customers who chose to do so can deploy Verifone’s PCI PTS 3.0 option now in order to remain compliant for longer periods.”
PCI PTS 3.0 will ensure that PIN entry devices using open security protocols and open communications protocols are not vulnerable, It also provides a first step toward point-to-point encryption (often referred to as end-to-end encryption) by enabling cardholder data to be secured or protected after it is read by the PCI PTS terminal.
Announced in April, VX Evolution represents the next generation of Verifone’s popular payment solutions line with market-leading enhancements including integrated contactless, end-to-end encryption and powered by an ARM11 advanced processor with large standard memory configurations.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Systems, Inc.
This press release includes certain forward-looking statements related to Verifone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Verifone management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of Verifone Systems, Inc. These risks and uncertainties include: the successful rollout of PCI PTS 3.0 certified VX Evolution products, customers' acceptance and adoption of Verifone's new security solutions and other new product and service offerings, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
About Verifone Systems, Inc. (www.verifone.com)
Verifone Systems, Inc. ("Verifone") (NYSE: PAY) is the global leader in secure electronic payment solutions. Verifone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. Verifone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.