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.
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.