Source: VeriFone Holdings
VeriFone Holdings, Inc. (NYSE: PAY), today announced that its Vx 570 payment solution has met the requirements of the PCI PED security standard for point of sale PIN entry devices.
The Vx 570 is the third VeriFone payment system to meet PCI PED requirements, joining the SC 5000 PIN Pad and the MX870 customer facing multimedia payment system.
PCI PED (Payment Card Industry - PIN Entry Device) was established by Visa International and MasterCard International to ensure that PIN-based payment transactions meet the highest level of security. The PCI PED designation certifies that the physical and logical security of the Vx 570 was validated by an independent test organization recognized by Visa and MasterCard.
"VeriFone’s operational scale allows it to bring this higher level of security to market faster and more cost effectively." said Paul Rasori, VeriFone vice president of marketing and product management. "This translates into reduced risk for our customers who must comply with these important new security standards."
The Vx 570, a member of the Vx Solutions line, combines faster processing with flexible memory and communications options to meet global market needs for support of debit, credit, EMV and value-added applications via either dial or IP-based enhanced communications.
In production now, the Vx 570 provides merchants with maximum flexibility, superior speed and high performance, with optional memory up to three times greater than the industry standard VeriFone Omni 3750 to run more and varied applications. It includes a "future-proof" communications module that can be configured initially with a dial or a combination dial-and-Ethernet communications capability and can be swapped at a later date.