1. One module contains requirements for the secure reading and exchange of data on payment card devices
2. Another spells out the security standards that device vendors will be expected to follow regarding unattended point-of-sale devices
3. The third module involves a new set of requirements for wireless-enabled payment card devices

The council’s PTS standard will provide vendors with a set of guidelines for ensuring the security of cardholder data on payment devices. Be prepared to start implementing the requirements in 2011. The PTS standards apply only to payment card devices. The council has a similar but separate set of standards for merchants and payment processors and one for developers of payment applications. The council is set to announce new versions of both those standards later this year.

These updated PTS standards come at an opportune time, as the concerns are growing in the retail industry about the security of payment card devices. Fraud and data theft resulting from the use of illegal card skimmers attached to payment card devices has been a hot topic of concern and the PTS updates will hopefully ease our worry about these potential risks.
Interested in learning more about the PTS updates and how they affect you? Contact us here at System’s Technology Group.  We offer Microsoft Dynamics RMS solutions to help secure your profits, your business, and YOU.  System’s Technology Group revolutionizes point-of-sale solutions and make them work for a variety of business types, including hobby shops, jewelry stores, shoe stores, museums, and much more.

By System’s Technology Group - “Your Experts on Retail & Hospitality POS Systems”