VeriFone Systems Inc. and First Data Corp. partnered to launch TransArmor, an end-to-end encryption and tokenization solution that addresses retailers’ need for enhanced payment security. TransArmor enables First Data customers using VeriFone’s Secure PumpPay and MX series of EMV- and NFC-enabled devices to be secure in their purchases, according to the companies. The solution has been engineered with RSA tokenization technology that replaces card data with a token number, preserving the value of card data for merchant business operations, but removing value for scammers. Two petroleum and convenience retailers, including Robinson Oil Corp. and a major U.S.-based brand of filling stations, will be the first to use TransArmor beginning in July.
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