ACI
Worldwide (NASDAQ: ACIW), a leading international provider of electronic
payment and banking systems, today announced that major
payment device vendors including VeriFone, Ingenico and Equinox support
its Point to Point Encryption (P2PE) solutions. P2PE is an emerging
encryption technique in the payments industry that protects sensitive
cardholder data in transit—as it is transmitted from a merchant’s store
to its acquiring bank. ACI’s Point to Point Encryption
solutions are used with the company’s leading retailer payments
solution, providing a more secure path for consumer transactions.
Data breaches not only result in data loss, but significant and lengthy
damage in terms of both brand and customer confidence. As such, many of
the world’s leading merchant retailers are deploying ACI’s P2PE
solutions to protect cardholder data while also reducing the scope and
expense of PCI compliance.
VeriFone, Ingenico and Equinox are among the industry’s leading payment
device vendors that support ACI P2PE. They provide secure electronic
payment solutions that enable banks and merchants to manage
their diverse payment activities across all sales channels—from in-store
to online to mobile.
“Consumer trust is more important now than ever before, and merchants
are under increased pressure to ensure protection of their
cardholder data,” said Jennifer Miles, President, VeriFone Americas.
"Having a comprehensive data protection strategy is key, and leveraging
point to point encryption supported by advanced payment devices is
critical to gaining consumer trust. We applaud ACI's focus on securing
track data via their secure Triple DES encryption, as well as their
ongoing support of our own VeriShield Protect format preserving
encryption already supported by most major North American processors.”
“This last year in particular, we’ve seen that compromises in protecting
cardholder data have not only impacted retailers’ operations, but also
perceptions of their brands,” said Rob Cameron, Vice President and
General Manager, ACI Worldwide. “Because of this, there is a much
greater need for and understanding of secure and turnkey point to point
encryption. So, we’re proud that our P2PE solutions are supported by
the major payment device vendors. Together, we’re providing payments
peace of mind.”
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 5,000
financial institutions, retailers, billers and processors around the
world. ACI software enables $13 trillion in payments each day,
processing transactions for more than 250 of the leading global
retailers, and 21 of the world’s 25 largest banks. Through our
comprehensive suite of software products and hosted services, we deliver
a broad range of solutions for payments processing; card and merchant
management; online
banking; mobile, branch and voice banking; fraud
detection; trade finance; and electronic
bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2014.
ACI, ACI Payment Systems, the ACI logo and all ACI product names are
trademarks or registered trademarks of ACI Worldwide, Inc., or one of
its subsidiaries, in the United States, other countries or both. Other
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owners.
Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI’s sole discretion. ACI
is providing the following information in accordance with ACI's standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
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Copyright Business Wire 2014