NAPLES, Fla.--(BUSINESS WIRE)--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 parties’ trademarks referenced are the property of their respective 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 functionality, and should not be relied upon in making a purchasing decision.
