First Data and VeriFone develop new First Data TransArmor encryption solution

First Data Corporation is partnering with VeriFone Systems on a new VeriFone edition of the First Data TransArmor solution for U.S. multi-lane and petroleum merchants.

The new solution will allow businesses who use VeriFone's MX 800 series of devices, Secure PumpPay and the Ruby point-of-sale (POS) solutions to take advantage of a complete security solution combining VeriFone's VeriShield encryption along with tokenization technology from RSA, the Security Division of EMC Corporation.

The new solution will be the only end-to-end encryption and tokenization solution available to First Data's merchants using VeriFone's multi-lane and petroleum platforms. In addition, VeriFone will certify its entire terminal line to enable First Data's TransArmor payment security solution, including those sold to level 4 merchants, supporting First Data's goal of making the TransArmor solution truly hardware agnostic.

"Expanding First Data's TransArmor solution to work with VeriFone's hardened encryption solution extends our complementary encryption and tokenization technologies to even more businesses, large and small, who are looking for security solutions that will ease their compliance scope," said Ed Labry, president of Retail and Alliance Services, First Data. "Leveraging the flexibility of offering various forms of encryption layered with tokenization, the TransArmor solution is leading the way for an industry standard in payment security."

The new TransArmor, VeriFone edition, protects consumer payment card data 'in-flight' from the moment it enters the merchant environment, utilizing VeriFone's hardware fortified and format preserving encryption technology.