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July 13, 2018

Verifone and Bluefin join forces to strengthen payment security

Payments solutions provider Verifone has partnered with Bluefin to offer the latter’s PCI-validated point-to-point encryption (P2PE) security solution to merchants using its POINT or retail transaction switch (RTS) solutions.

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The deployment of the P2PE security solution is expected to reduce cost for merchants as well as provide more security for face-to-face payments.

Bluefin CEO John Perry said: “Merchants around the globe are looking to fully certified PCI P2PE solutions for protection from threats to consumer and card data.

“In partnership with Verifone, we are delighted to protect retailers and merchants with the best-in-breed security solution that offers PCI DSS scope relief and secures cardholder data.”

The Verifone Validated P2PE solution has been designed to fulfil the requirements of large as well as small merchants by offering multiple configurations and processing options.

It is said to secure all credit and debit card transactions by encrypting all data within a PCI-approved point of entry device, thereby eliminating any form of exposure to malwares.

Verifone North America president Joe Mach said: “We are a client-first company, and with this new partnership we give merchants greater peace of mind, freeing them to focus on running their business and serving their customers.

“Our mission is to bring simplicity to doing business today by looking for new ways to ease the points of friction in payments and commerce.”

A payment solution needs to fulfil and adopt several physical, logical and operational security controls to receive a PCI-validated P2PE solution.

A special P2PE Qualified Security Assessor and PCI review the deployment of these controls before awarding the certification.

 

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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