3M Library Awarded PA-DSS Validation for Better Security

Zacks Equity Research

18 August 2014 at 5:40 pm

3M Library Systems, a part of diversified conglomerate 3M Company (MMM), recently received the prestigious Payment Application Data Security Standard (PA-DSS) validation for fines and fees collection.

A complete analysis of 3M’s SelfPay software, regression testing and potential data security risks was conducted by security assessment company NetSPI before awarding the PA-DSS validation.

PA-DSS is the global standard for security assessment. The validation is a testament to 3M's priority for protecting its customers' secret information. The expanded fines and fees processing solutions created specifically for the library market offers unique solutions for efficient operations of libraries.

From enhancing security for fines and fees collection to controlling costs and keeping library patrons secured and satisfied, 3M remains committed to its customers' interests. The PA-DSS validation further strengthens the security for the cardholder at 3M's SelfCheck kiosks, which are already using the PA-DSS validated first data ICVERIFY software.

3M, together with its subsidiaries, operates as a diversified technology company with manufacturing operations spread over 70 countries. The company aims to deliver innovative security solutions to businesses and governments worldwide, thus ensuring the security of people and documents.

3M remains focused on inventing new products to maintain its competitive advantage worldwide. The rise in demand for such innovative 3M product services is likely to augment its overall revenues.

3M currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now include Federal Signal Corp. (FSS), CLARCOR Inc. (CLC) and ITT Corp. (ITT), each having a Zacks Rank #2 (Buy).

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