LAS VEGAS – April 22, 2009 – ETA Annual Meeting and Expo ( Booths #505, Hypercom; #701, Ingenico; #219, VeriFone)– Three payment industry participants – Hypercom (NYSE: HYC), Ingenico, S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY) today announced the formation of the Secure POS Vendor Alliance (SPVA: www.spva.org), a non-profit business organization chartered with implementing common payment security standards among vendors of secure point-of-sale (POS) devices used by retailers, acquirers and cardholders alike.
The SPVA will increase awareness of security issues, encourage adoption of best practices and ease consistency among standards that govern disparate components and participants in the payment environment. The SPVA founders recognize that stakeholders’ consistent adherence to security standards and rules are a vital necessity in the continued growth of the electronic payments industry.
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