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ARLINGTON, Texas -- The Pinnacle Corp.'s Palm POS v9.2, a Payment Card Industry (PCI) compliant point of sale system, was officially listed by VISA as a Validated Payment Application, the company stated.
As compliance standards continued to evolve and become more stringent during the past three years, Pinnacle invested in continual security improvements to the Palm POS solution, the company stated. Palm POS v9.2 passed the PCI Compliance Audit on Oct. 23, 2007, and with the approval by Visa, the solution now meets and exceeds the current PCI Data Security Standards requirements, and has Visa’s formal endorsement, the company stated.
PCI Data Security Standards are required of all merchants and service providers that store, process, or transmit credit/debit cardholder data, the company stated.
"PCI is here to stay and the penalties for noncompliance are far too great to overcome for most organizations," Drew Mize, vice president of product management and marketing at Pinnacle, said in a statement. "Point of sale systems have been identified as one of the largest targets for cardholder data security breaches. This endorsement by Visa enforces Pinnacle's commitment to the industry to provide a point of sale that meets and exceeds the payment mandates to eliminate the risks of falling victim to attack and resulting fines. Inclusion on Visa’s list of Validated Payment Applications is the sole way of ensuring a solution is compliant, if it is not on the list it should not be considered compliant."