Secure POS Vendor Alliance

73 % of consumers surveyed in the United States, France and Great Britain say that more stringent standards are required before they will trust the security of their credit card transactions. And almost half (46 %) are concerned about the potential for a security breach when paying with their credit or PIN-based cards, according to an international survey released by the Secure POS Vendor Alliance (SPVA), a non-profit business organization created by Hypercom, Ingenico S.A.

Hypercom, Ingenico and VeriFone, three payment industry participants, announced today about the formation of the Secure POS Vendor Alliance, 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.