Secure POS Vendor Alliance Announces New Leadership

Secure POS Vendor Alliance Announces New Leadership On the Heels of Its One-Year Anniversary

Founding members VeriFone, Ingenico and Hypercom rotate appointed managing committee positions within rapidly-growing global payment security organization

ATLANTA – April 22, 2010 – The Secure POS Vendor Alliance (SPVA), a non-profit business organization founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY) announced today that TK Cheung, vice president global quality & security, Hypercom, will assume the position of SPVA chairman of the board with Paul Rasori, senior vice president, global marketing, VeriFone, stepping in as vice chairman and CTO and Christophe Dolique, executive vice president, global marketing & transaction services, Ingenico, serving as secretary/treasurer. Bob Carr, CEO, Heartland Payment Systems, will continue to serve as associate member director, an elected position.

According to the SPVA’s bylaws, founding members share the three officer positions for six years and have certain veto rights, including areas such as amendment of bylaws and proposed spending and ratification of a proposed standard, guideline or best practices.

“I look forward to serving the SPVA as chairman during this critical period within the payments industry,” said TK Cheung, SPVA chairman. “With use of card-based payment options on the rise, it will be increasingly important to facilitate a common understanding and acceptance of security requirements and standards.”

Since the SPVA’s inception in April 2009, the organization has united industry experts and attracted almost 20 leading payment companies that seek to have a voice within the world of secure payments and help shape its future through vital Technical Working Groups through which SPVA members can contribute to acquire first-hand knowledge of current security threats. At least two white papers are scheduled to be released this year to help guide and define security solutions. The organization also recently announced its Lab Network, a group of labs that participate with SPVA members, prospective members and TWGs on security evaluations of the SPVA implementation guidelines.

Membership is open to all payment industry stakeholders. The SPVA encourages general membership among all vendors that develop secure POS payment systems, and associate membership among organizations who sell or utilize products or solutions that interact with secure POS payment devices: retailers, acquirers, software vendors, ECR vendors, banks and other standard setting associations.

To learn more about the SPVA and benefits of membership, visit www.spva.org.

###

About Secure POS Vendor Alliance (www.spva.org)

The Secure POS Vendor Alliance (SPVA) is a non-profit organization, founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY), that works with the multiple stakeholders of the payment value chain. Its aim is to develop an end-to-end security framework and to enhance security elements of payment solutions which protect cardholder information and defend merchants and acquirers against security breaches, to help reduce fraud and lower risk for all electronic payment stakeholders.

Editorial Contacts:

Carol McEntee/Lindsay Durfee

SPVA

404.816.2037

678.640.7822 Mobile

cmcentee@cookerly.com

lindsay@cookerly.com

Related articles by Zemanta

• The Secure POS Vendor Alliance Broadens its International Reach with Five New Payment Company Members (pindebit.blogspot.com)


• Ingenico Unveils Strategy to Provide Secure End-to-End Solutions for Merchants in North America (pindebit.blogspot.com)


• Hypercom Introduces Secure Payment Solutions for iPhone (eon.businesswire.com)