Hypercom, Ingenico, and VeriFone have announced the formation of the Secure POS Vendor Alliance - SPVA .
This is 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 plans include increasing awareness of security issues, encouraging adoption of best practices and promoting consistency among standards. They plan to create a standardized implementation of the existing security standards, a recommended implementation guideline for end-to-end encryption of cardholder data and end-to-end lifecycle management protocols.
Once these guidelines and standards are fully developed, the SPVA will establish an “SPVA approval” program. Two levels of membership are available, general membership for vendors that develop secure POS payment systems and associate membership for organizations that sell or utilize products or solutions that interact with secure POS payment devices.
SPVA intends to combine the needs of those that must implement current and future PCI and other electronic payment industry requirements. These are security, convenience, cost control and the ability to be easily deployed and maintained.
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