VF VX + HPS E3
Verifone and Heartland Payment Systems have reignited their strategic alliance to launch key initiatives aimed at providing merchants with enhanced security and EMV-ready payment processing.
Century & ExpandIT
CA-based merchant services provider Century Business Solutions has added another ERP system to its arsenal of programs to which it can integrate with QuickBooks, Sage programs, and NetSuite. The move comes on the heels of a partnership with ExpandIT Solutions.
Heartland Secure Guarantees Ultimate Credit/Debit Card Data Security
Heartland Payment Systems is introducing Heartland Secure comprehensive credit/debit card data security solution. Featuring a breach warranty, this innovative solution is designed to provide merchants with protection against POS intrusions, crimeware, miscellaneous errors, insider misuse and other common sources of card-present data fraud by eliminating the opportunity for criminals to monetize card data. Heartland Secure combines EMV electronic chip card technology, its E3 end-to-end encryption technology, and Tokenization technology. Based on data provided by the Open Security Foundation and RiskBased Security, the Online Trust Alliance’s (OTA) 2014 Data Protection and Breach Readiness Guide2 states that more than 823 million records were exposed in 2013, including credit card numbers, email addresses, log in credentials, social security numbers and other related personal information. OTA estimates that 37 percent of these breaches were the result of actual hacks, and another 31 percent were due to lack of internal controls, which enabled accidental or malicious events.
Heartland Secure Card Data Security Solution
Heartland Payment Systems today is introducing Heartland Secure™ – a comprehensive credit/debit card data security solution that combines three powerful technologies working in tandem to provide merchants with the highest level of protection available against card-present data fraud. Featuring a breach warranty, this innovative solution is designed to provide merchants with protection against point-of-sale (POS) intrusions, crimeware, miscellaneous errors, insider misuse, and other common sources of card-present data fraud by eliminating the opportunity for criminals to monetize card data.
Giesecke & Devrient Launches Compact Banknote Processing
With the BPS C1, Giesecke & Devrient (G&D) has added a further robust, high-performance machine to its range of desktop systems. This two-stacker machine, featuring a sorting tray and a reject compartment, boasts a counting speed of up to 1,500 banknotes per minute – the fastest in its category. It is highly flexible and offers utmost precision for banknote processing applications. The system is able to process up to 10 different currencies. Two people can use the same BPS C1 machine in parallel, making an investment in the system even more cost-effective. The BPS C1 can be equipped to read serial numbers on banknotes and barcodes, for instance on casino tickets. As a further option, banknotes can be sorted into three classes according to the condition they are in, distinguishing between banknotes suitable for automated teller machines, banknotes fit for circulation, and banknotes no longer fit for circulation.
Visa to Accelerate Chip Migration & m-Payments
Visa plans to accelerate the migration to EMV contact and contactless chip technology in the United States with its adoption of dual-interface chip technology. Helping prepare the U.S. payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale, the chip technology is also expected to secure payments into the future through the use of dynamic authentication, reducing a criminal’s ability to use stolen payment card data by introducing dynamic values for each transaction. Even if payment card data is compromised, a counterfeit card would be unusable at the point of sale without the presence of the card’s unique elements. By reducing static authentication, we diminish the value of stolen cardholder data, benefiting all stakeholders. Visa will ultimately Expand the Technology Innovation Program to Merchants in the U.S.; Build Processing Infrastructure for Chip Acceptance; and Establish a Counterfeit Fraud Liability Shift.
Level Four Conforms to American Disability Act
Level Four Software by January 2012 will have its “BRIDGE:test” product ready for financial institutions and ATM deployers to conduct fully automated end to end testing of new voice guidance functionality at the ATM. Level Four is now creating the required updates to its Regression Test Manager product in BRIDGE:test. The solution will be demonstrable to external customers from August 15th 2011 via Webex and those interested in finding out more should contact the company. This is in response to the U.S. Department of Justice having issued a final ruling on new accessibility standards under the Americans with Disabilities Act (ADA), imposing new standards around ATM accessibility.
STMicroelectronics Deploys Fast-Write Memory
STMicroelectronics semiconductor leader serving customers across the spectrum of electronics applications and the world’s leading supplier of EEPROM memories for electronic equipment has introduced a new memory with a unique ultra-fast recording feature for storing important data during unexpected events. Its uses will include recovering system data when a sudden power failure occurs, and ‘black-box’ recorders that help identify the causes of equipment failures or accidents. A system using the M35B32 EEPROM is able to store a significant amount of vital information (2 Kbits) in less than one millisecond, and hence can react when the onset of a system failure or an accident is detected. In cases such as a power failure, this super-fast data storage can save the information needed to recover the system before the power supply voltage falls to an unusable level.
Fifth Third Processing Certifies Hypercom Payment Software
Fifth Third Processing Solutions payment solutions provider now supports Hypercom payment software with Voltage Security’s point-to-point data encryption. The counter top terminal solutions encrypt card data for retailers in the terminal until it is received for processing at Fifth Third Processing. With this, Fifth Third Processing Solutions has Class A certified Hypercom’s “SPOS32” payment software with Voltage Security’s point-to-point data encryption to help U.S. retailers and restaurants using Hypercom’s Optimum T4205, T4210 and T4220 countertop terminals securely process payments.
CardNET Implements VeriFone Card Encryption
Consorcio de Tarjetas Dominicanas, S.A. (CardNET) card transaction processor has implemented VeriFone Systems’ “VeriShield Total Protect,” secured by RSA. CardNET processes an estimated 80 percent of the total value of card transactions in the country and will utilize “VeriShield Total Protect” to implement end-to-end encryption of card data. RSA, The Security Division of EMC, and VeriFone in 2010 announced a strategic partnership to market their end-to-end encryption and tokenization solutions as an integrated payment security offering. With VeriShield Total Protect, cardholder information is encrypted at the exact instant of acceptance and encrypted throughout the enterprise until it is transmitted to a secure decryption server, eliminating any risk of usable cardholder data being compromised by a data breach.
Chase Paymentech Deploys Verifone Encryption
Chase Paymentech has incorporated VeriFone’s “VeriShield Protect” end-to-end encryption service as a component of its “Safetech” Fraud and Security Solutions. The “VeriShield Protect” reduces PCI compliance costs and protects card information, implementing AES encryption to allow existing payment applications to deal with encrypted cardholder data. With this, cardholder information is encrypted at the exact instant of acceptance and encrypted throughout the enterprise until it is transmitted to a secure decryption server, completely eliminating risk of usable cardholder data being compromised during data breaches. The “VeriShield Protect” solution may be hosted by a processor, hosted on-premise, or hosted by VeriFone and promises low-cost integration.
FreedomPay Enhances Card Data Security Offering
FreedomPay has formally released its “Encrypted Magnetic Stripe Reader” (eMSR) and “CardSafe” products to help retailers fight credit card hackers and data thieves. The “eMSR” solution is a secure set of hardware and services that encrypts cardholder information at the POS, allowing no visable data through components, networks nor interfaces required to settle a credit card transaction. Meanwhile, “CardSafe” tokenization of cardholder information enables the secure storage of credit card information for enterprises that have members, subscribers, and repeat customers to support âaccount on fileâ storage of cardholder data for easy retrieval.