Printer Friendly
The Free Library
14,506,428 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Radiant Systems' Investments in Credit Card Security Validated as 'Best Practices'; Independent Auditor Reviewed Convenience Store POS Under Visa's Cardholder Information Security Program.


ATLANTA -- Radiant Systems, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: RADS) announces that the latest version of its convenience store point of sale has achieved validation for Payment Applications Best Practices (PABP PABP Payment Application Best Practices (credit card processing standard)
PABP Polyadenylate-Binding Protein
) under Visa's Cardholder Information Security Program The Cardholder Information Security Program (CISP) was a program established by Visa USA to ensure the security of cardholder information as it is being processed and stored by merchants and service providers.

CISP has since been superseded by the [https://www.
 (CISP CISP Cardholder Information Security Program (Visa)
CISP Comitato Internazionale per lo Sviluppo dei Popoli
CISP Certified IRA Services Professional (American Bankers Association) 
) after a review of the system by independent auditor Independent Auditor

An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report.

Notes:
These auditors aren't affiliated with the company being audited.
 AmbironTrustWave, Inc.

Convenience and petroleum retailers using Radiant Point (Astron.) See Radiant,

n. os>, 3.

See also: Radiant
 of Sale can have confidence that the system has been independently verified and that it meets the most stringent industry guidelines for protecting credit cardholder card·hold·er  
n.
One who holds a card, especially a credit card.



cardhold
 information. In an effort to prevent incidents of fraud and credit card data theft, Visa's CISP program defines industry best practices for security of cardholder data and includes requirements for encryption and storing of that data by payment applications, such as point-of-sale systems. Radiant Point of Sale is among the first convenience store applications to achieve validation under the program.

"Protecting the consumers' card data is the shared responsibility of retailers, card processors and payment systems providers," said Mark Schoen, president of Radiant's global petroleum and convenience retail division. "Radiant is committed to working with our clients and partners to ensure that together we can provide these assurances to the consumer."

"Radiant Point of Sale is not only safe, but also the fastest solution in the industry," said Mike Finley, vice president, global product marketing of Radiant's global petroleum and convenience retail division. "With less innovative point-of-sale providers, increased security and encryption can be detrimental to speed of service. But we've invested in a generation of products that improves both speed and security at the same time."

The Radiant Convenience Store Point of Sale is the latest software application in the Radiant product line to achieve PABP validation under Visa's CISP program.

Company Information

Radiant Systems, Inc. (www.radiantsystems.com) is a leader in providing innovative technology to the hospitality and retail industries. Offering unmatched reliability and ease of use, Radiant's hardware and software products have been deployed in over 60,000 sites across more than 100 countries. Radiant has approximately 900 employees worldwide, 325 certified sales and service partners and over 1800 field service representatives. Founded in 1985, the company is headquartered in Atlanta with regional offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  as well as in Europe, Asia and Australia.

Certain statements contained in this press release are "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995, such as statements relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 financial results and plans for future business development activities, and are thus prospective. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; including the ability to integrate the operations of acquired businesses; (iii) the Company's growth strategy and operating strategy; (iv) the Company's new or future product offerings, and (v) the declaration and payment of dividends. The words "may," "would," "could," "will," "expect," "estimate," "anticipate," "believe," "intend," "plans," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company's reliance on a small number of customers for a larger portion of its revenues, fluctuations in its quarterly results, ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Aug 24, 2006
Words:639
Previous Article:Kodak to Present at Citigroup's 13th Annual Global Technology Conference.
Next Article:Siemens Transportation Systems Becomes 300th Customer to Choose Single Source Service Business Software.(Company overview)
Topics:



Related Articles
ARCOT AND NCIPHER PARTNER TO ENABLE SECURE ONLINE PAYMENT TRANSACTIONS.
GO Software Enhances Security of Product Portfolio, Engages Cardholder Information Security Program Audit Firm.
Mercury Payment Systems Facilitates Security Compliance Audits for Software Developers; 50 Percent Discount Spurs PABP Review Through Independent...
CommercialWare Earns CISP Payment Application Best Practices from Visa.
Visa Takes a Bite out of Small Ticket Payments.
CommercialWare and AmbironTrustWave Partner to Deliver PCI Compliance to Customers.
Fujitsu's GlobalSTORE Software Completes Visa's Payment Application Best Practices Validation.
Paymetric's XiPay(TM) Software Achieves Visa Payment Application Best Practice Validation.
Paymetric Announces Industry's Next Generation Payment Engine Software.
Columbitech Signs Contract With U.S. Retailer for Initial Order Worth $2.5 Million.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles