VeriFone, the global provider in electronic payment solutions, has announced that RBS WorldPay, a single-source provider of electronic payment processing services, has agreed to work jointly towards marketing VeriFone’s VeriShield Protect end-to-end solution for encrypting payment card data.
Reportedly, VeriFone’s VeriShield Protect eliminates usable cardholder data from the merchant’s POS applications, networks and servers, using AES-level encryption that preserves existing card track data formats so it works transparently with retailers’ existing payment infrastructure.
The company has claimed that VeriShield Protect preserves the format of the card data and there is no need to redesign the POS applications to deal with a new data format. It has added that with end-to-end encryption, even in the event of a breach of the retailer’s system, any stolen data would be unusable. Ian Stuttard, president and CEO of RBS WorldPay, said: “VeriShield Protect will easily integrate into multi-lane retailers’ existing systems and networks.”
Douglas Bergeron, CEO of VeriFone, said: “Using VeriShield Protect’s true hardware-fortified end-to-end encryption, usable card data can be removed from the merchant environment, eliminating the leading source of compromise.”
