Hospitality Financial and Technology Professionals (HFTP) President Terry Price, CHAE, CHTP, CPA, CIO of the Grove Park Inn Resort & Spa, announced today a new initiative to assist the hospitality industry with payment card industry (PCI) compliance. The initiative — a PCI Compliance Task Force and Roundtable — will ultimately result in a best practices document that both industry professionals and credit card companies can use to better understand how PCI compliance is impacting the industry and bring about dialogue between all parties.

“During Hospitality Upgrade’s recent CIO Summit, it became apparent that an initiative of this type was long overdue,” said Price. “HFTP decided to put our resources behind the project since we are the only global organization in hospitality that represents both finance and the technology professionals.”

HFTP’s plan is to formulate a task force panel of CFOs, CIOs and Security Data Experts from hotel enterprises and pair them with experts from credit card companies. This group will formulate a draft document of best practices that will then be presented during an HFTP-sponsored Roundtable later this year for comment. Following the Roundtable, a final document will be published and presented to the industry.

“We continue to hear that PCI compliance requirements are not being communicated appropriately,” said Frank Wolfe, CAE, CEO of HFTP. “Our intent is to bring together representatives from the different types of enterprises involved and organize appropriate responses that ensure clarity and attainable compliance. Because these requirements touch all types of hospitality enterprises, we are asking for volunteers from all over the industry to assist us in this endeavor.”

Industry professionals who wish to volunteer to participate in this project can e-mail HFTP at [email protected].

About HFTP

Hospitality Financial and Technology Professionals (HFTP®), established in 1952, is a hospitality nonprofit association headquartered in Austin, Texas USA with offices in the EU and Middle East. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with an international network of members and stakeholders. HFTP uniquely understands the industry's pressing issues, and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. HFTP offers expert networks, educational resources, career development programs, research, leadership opportunities and conferences and events. HFTP produces international events throughout the year, including the world's largest hospitality technology tradeshow and conference brand: HITEC. In addition, it oversees the hospitality-specific Pineapplesearch.com® and the Uniform System of Accounts for the Lodging Industry (USALI). For more information about HFTP, visit www.hftp.org. For the latest news, visit the HFTP News page at news.hftp.org and the HFTP Connect blog at blog.hftp.org.

Katy Walterscheidt
Communications Specialist
+1 (512) 249-5333 (Ext 27)
HFTP

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