End-to-End Encryption Now Commercially Available from WorldPay
At a Glance:
- WorldPay is first to market with an end-to-end, VeriFone VeriShield Protect (VSP)-based payment transaction encryption from the PIN pad to the acquiring host.
- A tamper-resistant security module protects the encryption key from logical and hardware-based attacks at the point of sale (POS)
- Format-preserving encryption makes the system easy to adopt for POS vendors
Atlanta – January 12, 2011 – WorldPay, a global leader in card
payments, today announced that McKeever’s Price Chopper, a leading
Midwestern grocery store chain, is the first merchant to implement
the WorldPay End-to-End Encryption (E2EE) Solution. McKeever’s Price
Chopper has begun piloting WorldPay E2EE and, upon completion of the
pilot, will roll out the solution to all of its stores.
Security breaches can have devastating effects on merchants,
including brand and reputational damage, card network fines and even
lawsuits – in addition to the potential impacts of identity theft to
their customers. For many merchants, the cost and complexity of
meeting PCI security requirements have become onerous. The WorldPay
E2EE Solution benefits the marketplace by encrypting the card number
within tamper-resistant hardware at the Point of Sale and then
encrypting the data right through to WorldPay’s acquiring host.
“McKeever’s is a customer-focused organization and we strongly
believe in doing as much as we can to protect our customer’s data.
WorldPay’s E2EE Solution enables us to more fully protect our
customer’s data”, said Alan McKeever, President of McKeever’s. “In
addition, because cardholder data will no longer be stored or
transmitted within our network, we are enthusiastic about the
opportunity to reduce our PCI scope and associated costs.”
With WorldPay’s E2EE solution, cardholder data is encrypted at the
earliest possible entry point – upon card swipe or keyed entry into
the PIN-device, and within the Tamper Resistant Security Module
(TRSM) of McKeever’s PIN-entry devices. The cardholder data remains
encrypted until it reaches WorldPay’s processing centers, where it
is decrypted and authorized. Leading Qualified Security Assessors
(QSAs) recognize that end-to-end encryption solutions that encrypt
within a security module and decrypt at the card processor’s host
are the most effective.
Unlike competing software-only encryption solutions, the WorldPay
E2EE solution, powered by VeriFone’s VeriShield Protect (VSP)
technology, stores the encryption keys and encrypts the cardholder
data within a TRSM. The TRSM:
- Blocks attempts at hardware tampering
- Prevents access to the encryption keys
- Ensures that all sensitive cardholder data is encrypted in a secure environment.
A further advantage is that WorldPay’s E2EE Solution is easy to
install, with little change to a merchant’s POS system.
Format-preserving encryption enhances adoption by communicating
encrypted data in the same format as a card number, allowing the
encrypted data to pass through legacy systems, without their
modification, to WorldPay for decryption.
“We are pleased McKeever’s partnered with WorldPay on our
industry-leading solution to protect their customers and help reduce
the cost and complexity of complying with PCI requirements,” said
Ian Stuttard, WorldPay US President and CEO. “Demand for the
WorldPay E2EE solution is high and we look forward to rollout to
grocers and other key client segments nationally.”
About McKeever’s
McKeever’s Enterprises, Inc. manages nine Price Chopper full service grocers in the Kansas City area. Founded in 1976, the McKeever Family has prided itself on providing great value for the community with Fresher Ways to Save!
Media Contact: Jody Hansen –
Jody@InquestMarketing.com
or (913) 626-5482
About WorldPay
WorldPay is a global card payment
acquiring business operating in over 30 countries which allows customers
to accept card payments both at point of sale and over the internet. The
company offers services across the entire payment value chain, including
transaction capturing, merchant acquiring and transaction processing.
Clients vary in size from small family run companies to large
multi-national corporations, spanning a broad spectrum of industries and
sectors. The company is a global leader in acquiring in the airline and
gaming sectors, pioneered the implementation of Chip & PIN in the UK,
and is the largest off premises ATM processor in the US.
Media Contacts
WorldPay - Tom Konz
800.200.5965, x. 1263
Tom.Konz@WorldPay.us
