RBS WorldPay Endorses VeriFone End-to-End Card Encryption Solution

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RBS WorldPay Endorses VeriFone End-to-End Card Encryption Solution

SAN JOSE, Calif. -- VeriFone Holdings Inc. and RBS WorldPay agreed to work jointly toward marketing VeriFone’s VeriShield Protect end-to-end solution for encrypting payment card data, the companies reported.

RBS WorldPay is the first merchant acquirer to endorse a commercial end-to-end encryption solution, the company stated. By encrypting the card number on swipe, right at the point-of-sale, RBS WorldPay merchants who choose the VeriShield Protect solution will be able to dramatically reduce both their own risk and that of their customers, according to the vendor.

"RBS WorldPay merchants and prospects are telling us they want to significantly reduce the impact of PCI compliance on their business—and they want a solution their processor endorses," said Ian Stuttard, president and CEO of RBS WorldPay. "VeriShield Protect will easily integrate into multi-lane retailers’ existing systems and networks."

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 vendor reported.

"RBS WorldPay is taking a leadership position in addressing merchant concerns with potential liability over data breaches and the complexity of complying with card issuer requirements," said Douglas Bergeron, VeriFone CEO. "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."

With end-to-end encryption, even in the event of a breach of the retailer’s system, any stolen data would be unusable, the company said. In addition to encrypting card data, VeriShield Protect monitors all systems in real time at the device level via VeriShield Secure Device Management Service (VSDMS), so if a breach occurred, the retailer would be immediately alerted. In addition, data encryption keys can be managed remotely as part of the device management service.

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