Two of Semtek’s national retail clients have been awarded Reports of Compliance (ROC) from their PCI Qualified Security Assessors. Semtek’s encryption solutions, in these retail cases marketed under the brand name “VeriShield Protect” and installed within the TRSM of VeriFone payment terminals paired with Semtek’s Cipher Decryption Services, supported on the TNS network or in the merchant’s own data center, were subject to the payment industry’s mandatory PCI DSS auditing requirements. Both merchants received successful ROC and have been recognized by their merchant acquirers and the PCI DSS auditing body. Semtek focuses on resolving the security vulnerabilities of magnetic stripe, contactless, and EMV based payment systems.