ParTech to Participate in Key Standards Setting Body Protecting Payment Cardholder Data
New Hartford, NY – November 8, 2010 – ParTech, Inc. (PAR) today announced that it has joined the PCI Security Standards Council as a new participating organization. As a Participating Organization, PAR will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards.
The PCI DSS, endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity. More information on the Council and the PCI Security Standard can be found at www.pcisecuritystandards.org.
As a Participating Organization, PAR will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a growing community that now includes more than 500 organizations. In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against data criminals. By joining as a Participating Organization, PAR is adding its voice to the process.
“The PCI Security Standards Council is committed to helping everyone involved in the payment chain protect consumer payment data,” said Bob Russo, General Manager of the PCI Security Standards Council. “By participating in the standards setting process, PAR demonstrates they are playing an active part in this important end goal.”
“Our customers need secure systems to process and transmit payment card transactions and PAR takes credit card security very seriously,” said Scott Langdoc, Chief Technology Officer, ParTech, Inc. “Card data security is a top priority when we design our point-of-sale solutions. The PCI Security Standards Council is instrumental in driving improved cardholder data security across all industries and we are committed to taking an active role in helping shape the future of payment card data protection standards.”
About PCI Security Standards Council
The mission of the PCI Security Standards Council is to enhance payment account security by driving education and awareness of PCI security standards. For more information, please visit www.pcisecuritystandards.org.
About ParTech, Inc.
ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology Corporation, has built its more than three decades of success around delivering advanced point-of-sale and enterprise back-office solutions for restaurant operators worldwide. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees for more than 30 years. The Company’s extensive offerings are backed by PAR’s global service network and its Boundless Hospitality™ vision for enhancing restaurant operations in a new era of dining out. The Boundless Hospitality vision drives the development of game-changing solutions, and is supported by a partner ecosystem that accelerates innovation more quickly than possible for any single company working independently. The Company has more than 50,000 installations in 110 countries worldwide. In addition to solutions for the restaurant industry, PAR products are improving the customer experience in retail, including the cruise, hotel, casino and entertainment industries. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company’s Web site at www.partech.com.