VeriFone, RSA to Offer End-to-End Payment Card Security Service

VeriFone Systems, Inc. and RSA, The Security Division of EMC, have announced a strategic partnership to market their end-to-end encryption and tokenization solutions as an integrated payment security offering to be branded VeriShield Total Protect.

When implemented, VeriShield Total Protect will use industry-proven security technology and leverage electronic payment systems deployed in the majority of merchants world-wide to provide a consistent, consolidated approach to protecting payment card data from end-to-end, both pre- and post-authorization.

“Merchants have had to navigate among a variety of technical offerings in order to protect customers and meet compliance requirements for credit card transactions,” said VeriFone CEO Douglas G. Bergeron. “RSA and VeriFone are combining to solve this problem and let merchants focus on meeting customer needs, not mastering security protocols.”

In addition to proven technology, the goal of the strategic partnership is to bring extensive implementation and business enablement resources to processors to ensure successful deployment of the service within their infrastructure and sales channels. This will ensure broad availability and a deployment model that offers the greatest degree of risk reduction and PCI DSS scope reduction.

Processors will market the solution to merchants as a means to reduce cost and effort associated with PCI compliance, gain new abilities to safely use transaction data to support customer analytics, and drastically reduce their overall risk profile. VeriFone’s VeriShield Hidden Encryption (VHE) preserves both data format and data field structure, so end-to-end encryption can be implemented without major retrofit with existing retailer POS systems. Elements of RSA’s SafeProxy™ architecture tokenize card data for safe storage and use by merchants post-authorization.

VeriFone will be offering VHE algorithms royalty-free to any point-of-sale producer interested in offering their customers compatibility with VeriShield Total Protect.

About RSA
RSA, The Security Division of EMC, is the premier provider of security, risk and compliance management solutions for business acceleration. RSA helps the world’s leading organizations succeed by solving their most complex and sensitive security challenges. These challenges include managing organizational risk, safeguarding mobile access and collaboration, proving compliance, and securing virtual and cloud environments.

About VeriFone
VeriFone provides expertise, solutions, and services to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets.