VeriFone Holdings, Inc. (PAY) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VeriFone Holdings, Inc. (PAY)

PAY 36.09

+1.7%

2:14 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: JakeStraw	11/17/2009 8:02:25 AM
	of 186

VeriFone Announces VeriShield Protect for EMV Smart Cards finance.yahoo.com End-to-End Data Encryption Solution Complements EMV Smart Card and Contactless Payment Standards Tuesday November 17, 2009 PARIS--(BUSINESS WIRE)--VeriFone Holdings, Inc. (NYSE: PAY), today announced that its VeriShield Protect end-to-end encryption solution for card payment security will be available for use with the EMV smart card standard and will also support contactless payments. First introduced in the U.S. to help merchants and acquirers secure cardholder information and comply with PCI data security requirements, VeriShield Protect is now being expanded for use worldwide in support of all card payment types. VeriShield Protect with full EMV and contactless capability is now being introduced in the UK and for other regions beginning in spring 2010. “With Visa International and MasterCard now both mandating global compliance with the PCI Data Security Standard by the end of 2010, the authentication and anti-card skimming benefits of EMV is no longer sufficient—merchants and acquirers also need to protect the integrity of cardholder data,” said Jeffrey Wakefield, VeriFone vice president and general manager, Global Security Solutions. “VeriShield Protect provides that data security element, and its unique format-preserving encryption technology makes it easy to implement within the existing infrastructure.” VeriShield Protect eliminates usable cardholder data from a retailer's POS applications, networks and servers by encrypting it end to end, so that even in the event of a security breach no usable data could be compromised and any stored data is secure. Real-time monitoring of payment transactions ensures that organizations can respond immediately to mitigate any attempted breach.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next