FTS | PPS Grab Top Honor from Info Security for its PCI DSS Compliant Point of Sale Technology
PRINCETON, NJ – March 5, 2012
Princeton Payment Solutions (PPS) announced today that Info Security Products Guide, the industry’s leading information security research and advisory guide, has named FTS|PPS’s PANPAD a winner of the 2012 Global Excellence Awards in the New Product Launch Category. The security industry celebrated its 8th Annual 2012 Global Excellence Awards in San Francisco by honoring excellence in every facet of the industry.
More than 50 judges from a broad international spectrum of the industry participated. Their average scores determined the 2012 Global Excellence Awards Finalists and Winners. Winners were announced during the awards dinner and presentation on February 29, 2012 in San Francisco attended by the finalists, judges and industry peers.
The Princeton Payment Solutions PANPAD allows card data to be encrypted at the point of entry, effectively removing all order entry and research terminals from PCI scope. Many current solutions use tokenization of payment data to segregate most of your IT infrastructure from PCI scope, but order entry terminals have remained a long-standing concern. Lately, the weak security of the terminals has attracted growing security industry attention. Payment card numbers must be swiped, or typed directly, into the terminals, keeping them in scope. The PCI certified PANPAD shrinks your PCI footprint by cloaking payment card information at the terminal. PPS, which was recently acquired by FTS, will continue to press its business strategy of creating products and software to minimize your PCI scope to the maximum extent possible.
“Info Security Products Guide’s recognition of the PANPAD confirms our product for its excellence-in-class,” says Alex Chapman, Director Princeton Payment Solutions. “This industry honor is the greatest endorsement of the fact that the PANPAD is ahead of the curve when it comes to the best-of-the-best products available to provide the highest security in PCI compliance,” says Robert Nathan, President of Princeton Payment Solutions, “The PANPAD completes the PCI-DSS puzzle.”
About Financial Transaction Services | Princeton Payment Solutions
Princeton Payment Solutions (PPS) is a division of Financial Transaction Services, LLC (FTS). FTS|PPS takes a consultative, service-focused approach, partnering with clients to provide tailored, comprehensive responses to payment components such as back-office and web-based integration, payment solutions in complex ERP environments, PCI compliance, interchange and penalty fee reduction, and robust online reporting capabilities. FTS|PPS’s CardConnect for SAP is now in its 14th year. FTS|PPS was the first company to encrypt data within an ERP system and pass the PCI audit standards with our CardSecure solution, which also offers a proven tokenization option to take ERP systems out of scope on a PCI audit. FTS|PPS staff participate in both the PCI Security Council and various technical groups, which inform our innovative approaches to the latest card payment issues, such as P2PE. Their collective experience includes decades in bank operations, bank software development, and bank card technology; their credentials include advanced degrees in both business and economics. We understand your business challenges, and offer payments and security expertise to match. Visit us at www.prinpay.com or www.ftservice.com.
About Info Security Products Guide
Info Security Products Guide sponsors leading conferences and expos worldwide and plays a vital role in keeping end-users informed of their available options the choices they can make when it comes to protecting their digital resources. It is written expressly for those who are intent on staying informed of security threats and the preventive measures available. This guide contains a wealth of information including tomorrow’s technology today, best deployment scenarios, people and technologies shaping info security, and market research which facilitated the most appropriate security decisions. The Info Security Products Guide Awards recognize and honor excellence in all areas of information security. To learn more, visitwww.infosecurityproductsguide.com and stay secured.
