The Secure POS Vendor Alliance (SPVA), a non-profit business organization founded by Hypercom (NYSE: HYC - News), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY) announces the formation of its new Lab Network, a group of labs that will participate with SPVA members, prospective members and the SPVA's Technical Working Groups on security evaluations of the SPVA implementation guidelines.
Members of the Lab Network will work together to share best practices and raise the security level within the point of sale industry.
"This network is an unprecedented milestone in the payments industry as it will connect us directly with the technicians, academics and researchers who are often behind product innovations and future developments and breakthroughs," said Steven Hughes, SPVA president. "By tapping into this network, the SPVA can draw from a diverse pool of talent to further its mission, extending best practices and guidelines to a comprehensive compliance verification of the whole payment process."
Establishment of the SPVA Lab Network facilitates the closing of gaps in security payment process compliance by ensuring certain aspects of technology and applied processes will be subject to independent verification and standard guidelines. This will give end-users and customers a method for establishing an independent and credible review of an implementation of forthcoming SPVA best practices and provide them with options to ensure their compliance is verified.
The following are requirements for eligibility: Provide information security evaluations in the POS industry; Authorized Qualified Security Assessor (QSA); Provide evaluations in the PIN entry and device security; Approved by the Payment Card Industry to evaluate compliance with the PCI Data Security Standard (PCI DSS), the Payment Application Data Security Standard (PA DSS) and accredited to test PIN Entry Devices for compliance with the compulsory PCI standards (PCI PED).