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LAS VEGAS -- VeriFone Holdings Inc. extended its VeriShield Protect solution to provide end-to-end encryption capabilities across multiple product lines, including Vx Solutions and PAYware Transact, as a managed service. The company also announced a new secure magstripe reader that connects to electronic cash registers (ECRs) and PCs.
Initially introduced for retail chains utilizing the MX800 Series line of multilane customer-facing systems, VeriShield Protect can now be deployed to virtually any environment, from small merchant countertops to mobile use, according to the company. To enable quick and effective deployment, backend decryption and device security monitoring is now available as a managed service from VeriFone.
VeriShield Protect is an end-to-end encryption solution that eliminates usable cardholder data from point-of-sale (POS) applications, networks and servers, using AES-level encryption that preserves existing card track data formats so it works transparently with retailers’ and acquirers’ existing payment infrastructure, the company reported.
VeriShield Protect now enables acquirers and ISOs to readily monitor and verify compliance within their base of Level 4 retailers, which have been the target of 80 percent of identified card data compromises in recent years.
Additionally, VeriShield Protect monitors all systems in real time at the device level via VeriShield Secure Device Management Service (VSDMS), and in the event of a breach, the retailer or acquirer would be immediately alerted, according to VeriFone. And data encryption keys can be managed remotely as part of the device management service.
The new secure magstripe reader provides another option for retailers, integrating VeriShield Protect in a slim form factor that can be connected to PC or ECR POS environments via USB port. Using the new reader, retailers can ensure immediate card encryption as the card is swiped, eliminating the potential for PCs and ECRs to store any usable data, according to the company.
VeriShield Protect will also be available by midsummer on PAYware Transact, VeriFone’s customizable, scalable and customer-hosted payment solution that supports high-volume, enterprise level transaction processing for merchants and card not present businesses of any size.
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