ACI Worldwide Unveils Payment Device Vendor Support for Its Point to Point
VeriFone,Ingenicoand Equinoxamongleading payment device vendors that
supportACI’s Point toPoint Encryption solutions that help protect cardholder
data at the point of sale
NAPLES, Fla. -- January 14, 2014
ACI Worldwide (NASDAQ: ACIW), a leading international provider ofelectronic
paymentand bankingsystems,today announced that major payment device
vendorsincluding VeriFone,Ingenicoand Equinoxsupport its Point to Point
Encryption (P2PE) solutions.P2PEis an emerging encryption techniquein the
payments industrythat protects sensitive cardholder data in transit—asit is
transmitted froma merchant’s store to itsacquiring 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 deployingACI’sP2PE solutions toprotect
cardholder data while also reducing the scope and expense of PCI compliance.
VeriFone,Ingenicoand Equinox are among theindustry’sleading payment device
vendorsthat support ACI P2PE. They provide secure electronic payment
solutions that enablebanks and merchants to manage theirdiversepayment
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 cardholderdata,” 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 themajor 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; andelectronic bill
presentmentand payment. To learn more about ACI, please
visitwww.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2014.
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