First Data and VeriFone Collaborate on Data Security

First Data Corporation and VeriFone Systems, Inc. PAY, today announced the companies are working together to offer a VeriFone edition of the First Data® TransArmorSM solution to U.S. multi-lane and petroleum merchants. This will enable businesses using 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. Customer engagements will begin immediately and first production availability is expected in the first half of 2011. 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.