NCR Puts Security First for Retailers, Certifies Connected Payments for PCI 3.0 Ahead of Schedule
Cloud-based payment solution enhances data protection and payment security at more than 17,000 stores
DULUTH, Ga., March 12, 2015 — NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, today announced that its payment security solution, NCR Connected Payments, has achieved PCI-DSS 3.0 certification, nearly one year ahead of the required deadline for North America. The PCI-DSS 2.0 specification is set to expire at the end of 2015. NCR completed its 3.0 certification early based on demand from its retail customers in order to ensure the latest specifications and best-in-class security standards are incorporated into the solution. NCR Connected Payments currently protects more than 17,000 stores and more than $120 billion in transactions annually.
The Payment Card Industry Data Security Standard (PCI-DSS) was developed to encourage and enhance cardholder data security and facilitate the broad adoption of consistent data security measures globally. PCI-DSS provides a baseline of technical and operational requirements designed to protect cardholder data. By complying with PCI-DSS 3.0 early, NCR is helping ease its merchant customers compliance initiatives while maintaining best-in-class payment security.
“NCR is committed to always making sure we are on the leading edge of security initiatives by keeping our payments system compliant and future ready,” said Jimmy Frangis, Vice President and General Manager, Payments-Security & Cloud Services, NCR Retail. “As retailers continue to battle fraud, NCR will support them with easy to deploy, cloud-based payment solutions that natively comply with industry regulation, and prepare them for the future of payments.”
NCR Connected Payments reduces the payment data footprint in the store, reducing the exposure of retailers to payment data theft. To mitigate payment card theft and fraud risks, NCR Connected Payments enhances data and transmission protection from PIN pad to payment processor. The NCR SaaS solution employs point-to-point encryption (P2PE) and tokenization, and provides advanced security monitoring and vulnerability management that meets or exceeds what is required for PCI compliance. This affords retailers more precise, constant visibility into the health of their complete payment system.
The new PCI standard provides increased details and requirements around cardholder data flows, system components inventory, protection from tampering or substitution for POS terminals, and service provider management and responsibility.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with approximately 29,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
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News Media Contact
Jeff Dudash
NCR Corporation
770.212.5091
[email protected]
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
[email protected]
Scott Sykes
NCR Corporation
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