JCB Joins MasterCard and Visa in Global PIN Entry Device Security Requirements.Tokyo, Japan, Sept 30, 2005 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - JCB JCB Noun trademark, Brit a large machine used in building, that has a shovel on the front and a digger arm on the back [initials of Joseph Cyril Bamford, its manufacturer] JCB® n abbr , MasterCard International and Visa International announced today that JCB has joined the card organizations' efforts to align PIN Entry Device (PED n. 1. A basket; a hammer; a pannier. ) security requirements and approval procedures. MasterCard and Visa previously agreed to support common standards which were fully put into effect October 2004. PED manufacturers submitting devices for security testing Security Testing: (The) Process to determine that an IS (Information System) protects data and maintains functionality as intended. The six basic security concepts that need to be covered by security testing are: confidentiality, integrity, authentication, authorisation, will be able to rely on a single set of standards, helping ensure cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold security and providing faster time-to-market for financial institutions.
Building on nearly a year of collaborative efforts to reduce testing
cycles, JCB participation will bring even greater efficiencies to PED
testing and development.
"PIN entry devices are at the very core of the card industry, and a global standard for testing requirements benefits everyone involved," said Kazuhiro Matsumoto, Executive Vice President and General Manager, Advanced Technologies, JCB. "This global standard will greatly simplify testing processes, reduce costs for vendors, and provide a wider selection of PED products to financial institutions. A global standard is an integral part of the JCB strategy for increasing security and bringing more peace of mind to cardholders." "It is a strategic priority for the payments industry to continue streamlining standards and the development of secure devices," said Brian Buckley, senior vice president, International Risk Management, Visa International. "Each step we take towards common requirements means more consistent security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security and cost effective market deployment." "This arrangement benefits all stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. in the payments value chain and is intended to improve the overall security for customer-entered data by removing conflicting requirements," said Simon Pugh, Group Head, Infrastructure & Standards, MasterCard International. "Having one approval method helps simplify the task of deploying PIN Entry Devices for acquirers and avoids duplicate testing duplicate testing Lab medicine The inappropriate repeating of lab or other diagnostic evaluations–eg, CBC, U/A, CK-MB, BMP, more often than allowed by Medicare or third party payers , thereby reducing costs. It also simplifies procedures for vendors, as they will have only one set of security requirements." About MasterCard International MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard manages a family of well-known, widely accepted payment card brands including MasterCard(R) Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. (R) and Cirrus(R) and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless price·less adj. 1. Of inestimable worth; invaluable. 2. Highly amusing, absurd, or odd: a priceless remark. (R) advertising campaign is now seen in 105 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com. About Visa Visa connects cardholders, merchants and financial institutions through the world's largest electronic payments network. Visa products allow buyers and sellers to conduct commerce with ease and confidence in both the physical and virtual worlds. As an association owned by 21,000 member financial institutions, Visa is committed to the sustained growth of electronic payment systems to support the needs of all stakeholders and to drive economic growth. For more information, visit www.corporate.visa.com. Copyright [c] 2005 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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