PARIS, Dec. 14, 2010 /PRNewswire/ -- Global payment technology leader Hypercom has worked with Verizon Business to help ensure that Hypercom's SmartPayments Wynid hosted electronic payment platform complies with PCI DSS international payment card industry data-security standards.
Hypercom provides card payment solutions and services to financial institutions, large retailers and independent merchants in more than 130 countries. Its card and PIN payment terminals and systems enable millions of electronic transactions to be conducted quickly and securely every day.
Verizon Business' professional security services team has provided a range of audit, management and implementation services that have helped Hypercom achieve and maintain Payment Card Industry Data Security Standard (PCI-DSS) certification.
T.K. Cheung, vice president, global quality and security, Hypercom Corporation, said: "We deliver the most effective security solutions through continuous innovation and a singular focus on our customers. Achieving certification of our SmartPayments Wynid hosted payment platform further protects retailers and cardholders and fortifies our position in the marketplace. SmartPayments Wynid is our premier integrated payment solution, a hosted platform that can be widely used by retailers to help safeguard the integrity of their transactions. We were pleased to team with Verizon Business on this effort."
The inaugural "Verizon Payment Card Industry Compliance Report," issued in October, examined the state of compliance with the Payment Card Industry Data Security Standard (PCI DSS), which was created in 2006 to protect cardholder data and reduce credit card fraud. Company investigators found that organizations that have suffered a breach are 50 percent less likely to be PCI compliant and that only 22 percent of organizations were PCI compliant at the time of their initial examination. However, the report also showed that compliance can dramatically reduce credit card data breaches.
A complete copy of the "Verizon Payment Card Industry Compliance Report" is available at www.verizonbusiness.com/go/pcireport.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE,Nasdaq :VZ ), is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees – enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments – including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions – rely on our professional and managed services and network technologies to accelerate their business. Find out more at www.verizonbusiness.com.
Hypercom and Wynid are registered trademarks of Hypercom Corporation. SmartPayments is a trademark of Hypercom Corporation.
SOURCE Verizon Business