Fuel dispensers are to be kept safe by VeriShield Protect

[img_assist|nid=7163|title=|desc=|link=none|align=left|width=100|height=37]VeriShield Protect credit and debit card encryption technology is to be extended to Secure PumpPay, PCI-approved solution of VeriFone Holdings, Inc. to update fuel dispensers so as to make e-payments acceptance more reliable and safe. VeriShield Protect was developed to frustrate efforts of fraudsters to penetrate through breaches into retailers' network to get access to account holder data.

"VeriShield Protect and Secure PumpPAY product will enable VeriFone retail petroleum partners to virtually eliminate the possibility of a data compromise across their corporate brands," said Jeff Wakefield, VeriFone vice president of marketing, Integrated Systems. "VeriShield Protect will protect card transactions that originate in the store as well as at the petroleum forecourt where over half of petroleum retailer card transactions originate."

Beginning from the moment the card is swiped and up to the moment the data is received at a secure decryption device in a retailer's protected data base VeriShield Protect preserves any account information.

VeriShield Protect is approved by PCI and integrates PCI EPP (electronic PIN pad) keypad, secure magnetic stripe reader, Triple-DES encryption and the ability to cryptographically encode all customer account information at the card reader.