ParTech and VeriFone Simplify the Path to PCI Compliance for Hospitality Companies
New Hartford, NY – July 25, 2011 – ParTech, Inc. (PAR) and VeriFone Systems, Inc. (NYSE: PAY) today announced that PAR is one of the first enterprise POS software providers in the hospitality industry to offer an integrated end-to-end encryption for enterprise point-of-sale (POS) software. PAR has integrated VeriFone’s VeriShield® Total Protect, Secured by RSA, solution into its PAR EverServ® Software to help make payment card transactions safer for restaurant customers while simplifying and reducing the cost of Payment Card Industry (PCI) compliance for restaurant operators. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR).
“ParTech is committed to helping our customers achieve the highest levels of payment card security and simplify the process to meet PCI compliance requirements,” said Scott Langdoc, Chief Technology Officer, ParTech, Inc. “The inclusion of VeriShield Total Protect’s end-to-end encryption with our software is a great method for our customers to simplify and enhance their payment card security. VeriShield Total Protect provides operators peace of mind by dramatically reducing their payment card security risks and easing the process of meeting PCI requirements – today and in the future.”
As a key element of our overall payment card security strategy, PAR has created a fully integrated and easily supported solution that combines VeriShield Total Protect end-to-end encryption with PAR EverServ QSR 1.4 or later software using PAR’s proprietary electronic payment interface (EPI). PAR’s unique EPI gives operators the flexibility to implement their choice of industry-standard PCI security solutions today and adapt their POS system to support new security capabilities as PCI standards evolve. The EPI simplifies the integration of security solutions and helps operators quickly achieve PCI compliance. In addition to traditional POS environments, VeriShield Total Protect will be available on mobile payment devices.
“VeriFone has been working with PAR for many years to integrate our payment systems with PAR POS software, and these solutions are used by many of the world’s leading restaurant brands,” said Jennifer Miles, VeriFone senior vice president – Retail, Global Security and Vertical Solutions. “PAR EverServ software customers now have the assurance of full, end-to-end encryption for all payment-card transaction data with our de facto industry standard for card data encryption. This will enable them to significantly reduce the scope of PCI compliance and its associated costs.”
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
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 and retail operators worldwide. PAR provides hardware, software and services to the world’s largest restaurant chains and their franchisees. 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 PAR. For more information visit the Company’s Web site at www.partech.com.