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News

Partners pioneer payment device compliance with PA-DSS

VeriFone : 18 March, 2009  (Company News)
NetSPI is partnering VeriFone in a pioneering effort to ensure that VeriFone payment device applications comply with the new security standard known as the Payment Application Data Security Standard (PA-DSS).
PA-DSS, a critical component of the PCI Data Security Standard (PCI DSS) that focuses on complete merchant site security, requires a rigorous certification process and conclusively affirms that the payment application does not store cardholder data and handles it in a secure, compliant manner.

The millions of small to mid-sized merchants have to date been left with little protection against increasingly sophisticated criminal efforts to obtain cardholder data. Without a properly audited and PA-DSS-approved application, these merchants have no knowledge of their exposure level and are at a higher degree of risk for a security breach and liability.

To ensure the protection of these merchants, VeriFone announced a programme to achieve formal PA-DSS certification of VeriFone's SoftPay application, which instantly provides an unprecedented path to compliance for more than two million payment devices in the United States and Canada.

NetSPI is assisting the VeriFone development programme in several ways:

• Providing advisory services regarding the applicability of PA-DSS and how best to manage major and minor release schedules within the standard.

• Auditing key VeriFone payment applications as compliant with PA-DSS.

• Advising VeriFone on the security impacts of potential new features of payment applications.

Deke George, NetSPI CEO, said, "We are proud to combine forces with VeriFone in this successful effort to validate payment applications that enable merchants to comply with this new security standard. VeriFone is devoting significant effort and resources to make it easier for merchants and acquiring banks to demonstrate that they are in compliance with PCI."

Paul Rasori, VeriFone SVP, Global Marketing, added, "Nothing is more important to our industry than the trust that consumers put in acquirers, merchants and payment system vendors to securely handle their personal information. Working with partners such as NetSPI to positively verify our security standards compliance is an excellent example of VeriFone's proactive approach to maintaining that trust."
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