NewswireToday - /newswire/ -
Reading, Berkshire, United Kingdom, 2009/04/01 - VeriFone Holdings, Inc. (NYSE: PAY) and MasterCard Worldwide today announced a new online seminar for merchants to help them optimize their business through managing fraud and reputational risk.
The new seminar, “Payment Application Vendors and PA-DSS,” expands MasterCard’s PCI Merchant Education Program, an initiative offered to MasterCard acquiring bank customers to provide practical assistance in educating merchants and encouraging broader adoption of the Payment Card Industry Data Security Standard (PCI DSS).
“Collaborating with MasterCard in the distribution and promotion of this seminar allows us to reach a large audience of critical stakeholders with an on-demand, easy-to-access format,” said VeriFone Chief Security Officer Dave Faoro, the session presenter.
The online seminar describes PA-DSS (Payment Application Data Security Standard) and its effects on the multiple parties involved, including application vendors, merchants and resellers. Listeners find out what types of applications are affected and how they affect PCI DSS compliance. The webinar also covers the risks involved with not being compliant, and talks though steps merchants can take to help achieve compliance today.
Since its inception, more than 2,670 registered acquiring banks and merchants have viewed MasterCard’s PCI Merchant Education Program online training modules more than 5,900 times. This seminar is one of three new seminars added this year, creating a total of 16 Web-based modules featuring actionable advice from MasterCard and industry experts.
The PCI DSS sets forth requirements for enhancing payment account data security. The standard–which was developed by MasterCard and the other founding payment brands that comprise the PCI Security Standards Council–is intended to help companies safeguard payment account data.
About MasterCard Incorporated
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories.
About VeriFone Holdings, Inc.
VeriFone Holdings, Inc. (“VeriFone”) (verifone.com) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
Pete Bartolik, VeriFone Media Relations
Erik Mueller, MasterCard Worldwide