Phos partners with PCI Security Standards Council to secure payment data worldwide

By Joy Dumasia

Phos, the FinTech behind the software-only Point of Sale system (SoftPoS), announced joining the PCI Security Standards Council (PCI SSC) as a new Participating Organization. Phos will work with the PCI SSC to help secure payment data worldwide through the ongoing development and adoption of the PCI Security Standards.

The PCI SSC leads a global, cross-industry effort to increase payment security by providing flexible, industry-driven and effective data security standards and programs. The keystone is the PCI Data Security Standard (PCI DSS), which provides an actionable framework for developing a robust payment card data security process and preventing, detecting and mitigating criminal attacks and breaches.

Phos adds its voice to the standards development process and will collaborate with a growing community of more than 800 Participating Organizations to improve payment security worldwide. Phos will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council and share cross-sector experiences and best practices at the annual PCI Community Meetings.

Lance Johnson, Executive Director of the PCI Security Standards Council, said: “In an era of increasingly sophisticated attacks on systems, PCI Security Standards and resources help organizations secure payment data and prevent, detect and mitigate attacks that can lead to costly data breaches. By joining as a Participating Organization, Phos demonstrates they are playing an active part in improving payment security globally by helping drive awareness and adoption of PCI Security Standards.”

Brad Hyett, CEO of Phos, said: “We are thrilled to be joining the PCI Security Standards Council to support its efforts to make payments more secure globally. The payments industry has grown exponentially over the last few years. We have seen the rise in contactless payments and the proliferation of mobile payments. As such, now more than ever, it is crucial that we are reinforcing payment data security to protect consumers from any potential threats.”