cardholder information and defend merchants and acquirers against security breaches, while reducing fraud and lowering risk for all electronic payment stakeholders.
To date, GHL Systems is the first and only Asian organization to join the global security initiative founded by the three largest players in the payments industry: VeriFone, Ingenico and Hypercom.
Commenting on this appointment, GHL Systems’ Vice President of Product Marketing & Strategic Alliances, Jason Phua said: “We’re indeed pleased to be part of the SPVA. This initiative reflects our on-going commitment to ensure the highest levels of security and conforming to globally-recognized standards."
“It is also vitally important that the aspirations of GHL Systems in the areas of payment security, as well as those of our customers are represented,” he added.
“GHL Systems will be able to engage other key stakeholders while adding value and input into such initiatives, for example given our very own experience with the introduction of terminal line encryption and remote key injection back in 2004”.
A major objective of the SPVA is to foster widespread compliance with existing security standards (PCI Security Standards Council, EMVco, domestic card schemes) by making sure they are properly implemented. SPVA members already work closely with these standard bodies and expect to offer a more unified support to these organizations going forward, while giving visibility regarding business intelligence for merchants.
About GHL Systems
GHL Systems Berhad (“GHL Systems”), an MSC-status company listed on the Main Board of Bursa Malaysia (Kuala Lumpur Stock Exchange), is the Asia/Pacific region’s leading end-to-end payment services enabler that deploys world-class payment infrastructure, services and technology. GHL Systems’ complete portfolio of payment solutions include transaction routers and concentrators, terminal line encryption technologies, loyalty and online payment solutions, smartcard technologies, secure EDC networks and terminals to consulting services.
By providing a broad range of services across the payment solutions spectrum, GHL Systems today deploys its products and services to multiple clients spread across various vertical segments in various countries all over the globe – not limited to banking and financial services institutions, telecommunications, transportation, retail and oil and gas.
For more information on GHL Systems, visit www.ghl.com.
About Secure POS Vendor Alliance (SPVA)
Secure POS Vendor Alliance is a non-profit organization 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, while reducing fraud and lowering risk for all electronic payment stakeholders.
The initial charter of the SPVA focuses on standardized implementation of existing security standards, security of the payment device lifecycle and security threat analysis and intelligence.
For more information on SPVA, visit www.spva.org.
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