First Data, Verifone Reduce Merchants’ Data Breach Exposure (Dec. 16, 2014)
First Data Inc. and Verifone are helping U.S. merchants reduce their exposure to large-scale consumer payment data breaches and expedite merchant acceptance of EMV-enabled credit and debit cards.
First Data is offering Verifone’s Secure Commerce Architecture (SCA) solution to its merchant clients that use Verifone equipment within an integrated POS (IPOS) system. SCA helps to solve the difficulties of EMV compliance by eliminating the flow of consumer payment data into the IPOS. With SCA, payment data goes directly from the terminal to the processor, without ever passing through the POS system, according to the company. In addition, payment data will flow through First Data’s TransArmor data protection solution, enabling encrypted delivery directly to First Data from the Verifone payment terminal.
“Getting EMV into the payment ecosystem and protecting customer payment data are both crucial to the establishment of a secure payment space,” Thad Peterson, senior analyst for Aite Group, said in a news release. “Verifone and First Data are taking important steps to simplify EMV implementation and remove sensitive data from merchant systems. It’s a sound approach that provides significant benefits for merchants and, ultimately, their customers.”
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