Vantiv Integrated Payments released the next phase of the Security Pays initiative. This initiative promotes education and awareness, driving the adoption of security products to add layers of protection to the payments process, such as end-to-end encryption, tokenization and EMV.
Security Pays 2015, announced in August of last year, included more than 10,000 Vantiv Integrated Payment partner interactions during the five months of the campaign, with nearly 1,000 partners participating in the program. Security Pays focused on increasing security awareness and education of payments partners by encouraging them to become certified as Qualified Integrators and Resellers (QIR). So far with Vantiv’s financial and preparatory assistance, 67 Vantiv partners have passed the tests and now have the QIR certification, which represents more than three-quarters of all the companies with this certification in the U.S.
The next phase of the program, Security Pays 2.0, aims to build and drive deeper engagement and activation of security standards with the merchants themselves.
CenterEdge Software, which offers management solutions for entertainment, amusement centers and restaurants, was Vantiv Integrated Payment’s first partner to process an EMV transaction on the Vantiv platform and one of the companies that has passed the QIR exams. “We know that it is a differentiator for us in the marketplace,” said Marcus Mayer, president at CenterEdge Software.
Because forensic investigations reveal that small merchants remain a prime target of hackers who are trying to compromise payment data, Visa has now required that acquirers ensure all merchants use QIR companies by January 2017.
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