Seminar to Raise Awareness of Security Issues in the Debit/POS Transaction
LAS VEGAS, May 4 /PRNewswire-FirstCall/ — 3PEA International, Inc. , a payment
solutions company, announced today that its subsidiary company 3PEA Technologies is
to sponsor EFT Network TG-3 training seminar.
3PEA is pleased to sponsor and endorse eSmartSolutions PIN Security and Key
Management Compliance (TG-3) Audit Training seminar consisting of a core course on
May 7-9, and a refresher course on May 10. Azita Amini, Senior Data Security
Consultant, CISSP, and Sr. IT Auditor, will be the instructor for both the core and
“Ongoing security training on the latest standards is paramount to the financial industry
and as such this seminar provides all parties with the most up to date information and
education within our industry,” said Mark Newcomer, CEO of 3PEA.
Technical Guideline #3, or TG-3, is a technical audit that is developed by American
National Standards Institute (ANSI) committee. This audit is developed to provide for a
minimum level of security to be in place within a financial services institution or
processor’s operation with regards to management and handling of customers’ PINs as
well as handling of cryptographic data used to protect the PINs. This audit is critical to
all parties involved in ATM or POS retail transactions.
The TG-3 audit criteria was developed by American National Standards Institute by a
team of auditors and data security professionals to help provide the industry with an
acceptable level of security in financial institutions and among their service providers.
This audit is now mandatory on a bi-annual basis by all major Electronic Fund Transfer
(EFT) switches such as Star, Pulse and NYCE of their members.
eSmartSolutions (eSS) performs a variety of Information Technology (IT) audits for
financial services industry. eSS clients include Banks, Credit Unions, Point of Sale
operations (Merchants), Encryption Service organizations (ESOs), Independent Service
Organizations (ISOs), Key Loading/Injection Facilities, Credit Card services, Processors
and so on. eSS provides TG-3 audit of debit POS transactions for Merchants per
requirements by Star, NYCE and Pulse EFT networks, as well as the TG-3 audit of ATM
operations in banks and credit unions, per requirements by Star, Pulse and NYCE EFT
networks of all their members. eSS also provides Payment Card Industry (PCI) PIN
Security audit of debit transactions for Merchants, eCommerce vendors and processors
per Visa and MasterCard requirements. For additional information please see
About 3PEA International, Inc.
3PEA International, Inc. is an experienced and trusted transaction-based solutions
provider. 3PEA through its wholly owned subsidiary 3PEA Technologies, Inc., designs
and develops payment solutions including proprietary payment terminals, secure key
loading systems, prepaid card systems, and various payment services. Since 2001,
3PEA has provided online payment solutions with specific focus in the area of PIN-Debit
transactions. The company now provides turnkey and customized payment services to
retailers, software developers and financial services companies.
Using its PayPad payment terminals and IP payment gateway solutions, 3PEA can
quickly and cost effectively help customers in various markets to payment enable their
applications. 3PEA works closely with its customers providing qualified payment
expertise to produce a payment processing solution that best suits their needs.
PINsmart®, PaySign™, 3PEA® and PayPad® are registered trademarks or trademarks
of 3PEA Technologies, Inc. in the United States and/or other countries. For additional
information please contact the company or visit https://www.paysign.com/ .
Certain statements in this news release may contain forward-looking information within
the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor created by those
rules. All statements, other than statements of fact, included in this release, including,
without limitation, statements regarding potential future plans and objectives of the
companies, are forward- looking statements that involve risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such statements.
Technical complications that may arise could prevent the prompt implementation of any
strategically significant plan(s) outlined above. 3PEA International, Inc., undertakes no
obligation to publicly update or revise any statements in this release, whether as a result
of new information, future events, or otherwise.