10:04 AM
Connect Directly

RBS WorldPay to Promote VeriShield Protect

RBS WorldPay, a top 10 payment processor in the U.S., will work jointly with VeriFone to market the payment security company's VeriShield Protect end-to-end solution for encrypting payment card data.

According to a release, RBS WorldPay is the first merchant acquirer to endorse a commercial end-to-end encryption solution. The card number is encrypted when users swipe the card at the point of sale. RBS WorldPay merchants who choose the VeriShield Protect solution will be able to dramatically reduce both their own risk and that of their customers as well, say the companies.

VeriShield Protect uses AES-level encryption that preserves existing card track data formats so it works transparently with retailers' existing payment infrastructure. With end-to-end encryption, even in the event of a breach of the retailer's system, any stolen data would be unusable. Because VeriShield Protect preserves the format of the card data there is no need to redesign the POS applications to deal with a new data format. In addition to encrypting card data, VeriShield Protect monitors all systems in real time at the device level via VeriShield Secure Device Management Service (VSDMS), so if a breach occurred the retailer would be immediately alerted. Also, data encryption keys can be managed remotely as part of the device management service.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology - August 2014
Modern core systems are emerging as the foundations of effective channel integration and customer engagement initiatives.
Bank Systems & Technology Radio