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VeriFone, RSA partner to deliver payment card security service

BBR Staff Writer Published 28 October 2010

VeriFone Systems and RSA, the security division of EMC, have entered into 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 advanced 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, said VeriFone.

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 CEO Douglas Bergeron said, RSA and VeriFone are combining to solve this problem and let merchants focus on meeting customer needs, not mastering security protocols.

"VeriFone’s and RSA’s industry pedigrees create a gold-standard offering that processors and merchants can unify around as a single, stable answer to their security concerns,” Bergeron said.