Verifone Systems, Inc. (NYSE: PAY), today announced that ISD Corporation will support VeriShield Total Protect in its existing card data security suite to provide merchants with the advantage of end-to-end encryption and tokenization of card data.
ISD is one of the first providers of secure payment management software to offer VeriShield Total Protect. ISD's support of Verifone's integrated end-to-end encryption and tokenization solution provides merchant customers with a comprehensive, industry-leading security solution which can secure track data in almost any environment and makes payment-card transactions safer. VeriShield Total Protect also simplifies and reduces the costs of compliance with the Payment Card Industry security standards.
"ISD's support for VeriShield Total Protect within its product enables merchants to significantly decrease PCI compliance scope and ultimately protect their brand," said Jennifer Miles, Verifone senior vice president, Global Security, Vertical and OEM Solutions.
"Merchants are looking for PCI scope reduction and true security. ISD's solutions along with support of VeriShield Total Protect significantly lower the Merchant's cost of PCI compliance and provide extensive data security protection," said ISD Vice President of Business Development Gino Puzzuoli.
By adding VeriShield Total Protect to its existing card data security suite, ISD can offer merchants a new way to take advantage of the latest advances in security - a flexible, layered end-to-end encryption and tokenization solution with wide functionality and processor support.
VeriShield Total Protect was a natural fit for the ISD solution suite as it is one solution that secures card data from all points of entry, secures card transactions, protects card data pre- and post-authorization, works for all merchant levels, and addresses PCI DSS guidelines today and tomorrow.
ISD's software has been integrated with over 70 different third party processors. VeriShield Total Protect is designed with multiple encryption options, including hardware and software-based options that will integrate seamlessly with ISD's software and across all of its market segments. ISD's focus is to develop and deliver solutions that consolidate, manage, secure and route all electronic transactions from their point-of-sale systems to third party processors for authorization and settlement.
Verifone and ISD will continue to work with processing partners and POS vendors to bring this to market as soon as possible.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Systems, Inc.
This press release includes certain forward-looking statements related to Verifone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Verifone management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of Verifone Systems, Inc. These risks and uncertainties include: the successful rollout of VeriShield Total Protect, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
About ISD Corporation
ISD Corporation is a leading provider of secure payment management software and solutions for merchants. For over 25 years, ISD has delivered on its mission to provide best-of-breed software solutions which minimize merchant payment acceptance costs and secure sensitive cardholder data. As a result of its singular focus on the merchant payments market, ISD has built a base of more than 200 brand name customers across several market segments including general and specialty retail, grocery, petroleum, and hospitality. For more information please visit our web site at www.isdcorporation.com.
About Verifone Systems, Inc. (www.verifone.com)
Verifone Systems, Inc. ("Verifone") (NYSE: PAY) is the global leader in secure electronic payment solutions. Verifone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. Verifone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.