The PBS PSAM payment application has been validated by the Payment Card Industry Security Standards Council for compliance with the Payment Application Data Security Standard (PA-DSS) version 1.2.
The PSAM is a secure application module for payment terminals that has a function similar to the SIM-card in mobile phones. The PA-DSS validation is an important milestone for PBS A/S, a financial service provider supplying secure end-to-end payment solutions, to increase confidence in the unique PBS PSAM technology.
"Merchants using terminals with the PBS PSAM can rest assured they are in fact using a payment application that is compliant with the highest security standards. PSAM offers end-to-end encryption on the application layer, which allows the merchants to focus on their core business," says Susanne Brønnum, Director, Cards, PBS A/S.
Meeting ever higher security demands
All European terminal vendors and transaction processors are struggling to comply with the ever increasing security requirements set by the international card schemes - and again, PBS is in the forefront. PBS is capable of delivering solutions with the highest level of security as requested by merchants.
High security right from the start
Since its‟ introduction in 2001, the SIM-sized PBS PSAM has contained the security elements that have since become the security standard of the international card schemes. This high level of security, including end-to-end encryption on the application layer, has laid the foundation for the market penetration of terminals using the PBS PSAM. In 2004, the PBS PSAM was awarded the SESAMES award for best and most innovative solution in the category "Banking, Finance and Retail". In February 2010, the PSAM has been nominated for the „Florin‟ Transaction Services Innovation Award 2010 by EPCA.
110.000 PSAM terminals generated 1.6 billion transactions in 2009.
Uniformity across terminals
The PBS PSAM handles and completes EMV chip card and magnetic stripe transactions in a uniform way in all terminals that support the terminal architecture defined for PSAMs (Terminal Architecture for PSAM Applications, TAPA). PSAM architecture has been implemented on terminals from Ingenico, Hypercom, Sagem, ATOS Worldline, Motorola, Canon, Logos Design, and TP Radio.
The PA-DSS program
PA-DSS is a PCI Council-managed program that can help software vendors develop secure payment applications and ensure that their payment applications are compliant with Payment Card Industry Data Security Standards (PCI DSS).