VeriFone Holdings, Inc. (PAY) Message Board

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Technology Stocks : VeriFone Holdings, Inc. (PAY)

PAY 36.11

+26.4%

3:59 PM EST

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From: JakeStraw	4/29/2014 11:02:22 AM
	of 186

VeriFone and First Data Bring End-to-End Encryption and Tokenization to Gas Stations and Convenience Stores finance.yahoo.com Integration meets petroleum merchants’ need for enhanced data security The TransArmor, VeriFone edition, enables First Data customers using VeriFone's Secure PumpPay and MX series of EMV and NFC-enabled devices to take advantage of a complete security solution combining VeriFone's VeriShield encryption along with tokenization technology from RSA, the Security Division of EMC. Cardholder data benefits from increased protection 'in-flight' from the moment it enters the merchant environment—whether indoors or at the pump—all the way to First Data’s data center, utilizing VeriFone's hardware fortified and format preserving encryption technology. “Data breaches are a widespread problem with over 1.1 billion records compromised in the last 10 years and the average organizational cost estimated at $5.4 million1,” said Paul Kleinschnitz, senior vice president, Cyber Security Solutions, First Data. "This partnership with VeriFone on the TransArmor solution illustrates our commitment to collaborate with industry experts to bring best-in-class security solutions to new markets such as petro.”

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