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Vantiv now offers validated P2PE solution for Verifone devices

Monday, October 03, 2016

by Vantiv

Cincinnati, Sept. 27, 2016 -- Vantiv Integrated Payments, a Vantiv company (NYSE: VNTV), and a provider of payments technology and services for small and medium-sized businesses (SMBs), today announced it now offers a PCI listed validated point-to-point encryption (P2PE) solution for Verifone devices. In conjunction with Vantiv’s award-winning triPOS solution, Independent Software Vendors (ISV) can deliver a higher level of security that is easy for the merchant to adopt, which addresses the challenges with protecting payment card data, and reduces the merchant’s PCI-DSS compliance efforts. The one-stop solution for merchants enables both the ISV and merchant to expand their commerce options today and into the future. As a pre-certified solution to Vantiv’s Express gateway, merchants have the power of choice when accepting payments through industry leading technology and customer service.

Vantiv Integrated Payments is helping payment integrators and merchants protect their account data in a partnership with certified hardware vendors Verifone and ID TECH.

“This is a major milestone for Vantiv and the PCI Security Council, to have a validated point-to-point encryption solution,” said Matt Downs, head of channel and business development for Integrated Payments at Vantiv. “It allows our partners to differentiate themselves within the market by offering a solution that reduces the scope of requirements for PCI compliance. Offering PCI validated P2PE demonstrates that Vantiv Integrated Payments continues to be at the forefront of security technology.”

Vantiv’s validated P2PE works with Verifone’s VX805, MX 915 and 925, as well as IDTECH’s SREDKEy and SecuRED, and enables merchants using this solution to validate their PCI DSS compliance using the new P2PE SAQ, which requires significantly less effort than the normal, non-P2PE SAQ.

“Validated point-to-point encryption means we have a PCI SSC audited and approved way to secure sensitive cardholder data from everyday threat of breach,” said Michele Salerno, director of sales and marketing, assistant vice president at Celerant Technology Corp., one of Vantiv Integrated Payment’s partners. “P2PE validation simplifies and reduces the compliance burden of PCI DSS for most merchants and results in potential cost savings, but more importantly gives consumers the comfort of knowing their credit card details are being handled much more safely, all while better protecting their brand.”

The Vantiv P2PE solution includes:

  • The only U.S. validated P2PE solution that supports Verifone equipment

  • EMV technology, helping merchants meet today’s EMV requirements

  • A gateway solution that offers P2PE and tokenization

  • Payment technology standards such as: NFC, magnetic stripe and PIN debit

  • A dramatic reduction in the compliance burden from 332 SAQ control questions to fewer than 20 controls, a huge savings in costs and time to validate PCI compliance.

For more information on P2PE visit https://developer.vantiv.com/docs/DOC-1706 .

Vantiv Integrated Payments is making payments smarter, faster and easier by partnering with software companies and technology service firms to embed payments processing in front and back office applications. Our commerce technology integrates into a broad set of point of sale systems, reaching merchants through an extensive partner network of thousands of point-of-sale software developers and value-added resellers. Our award-winning customer service and value-added solutions help businesses to streamline and build revenue through simple to use commerce solutions.

Vantiv, Inc. (NYSE: VNTV) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the second largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high-growth channels and verticals, including integrated payments, eCommerce, and merchant bank. Visit us at http://www.vantiv.com , or follow us on Twitter, Facebook, LinkedIn, Google+ and YouTube.

© 2016 Vantiv, LLC. All Rights Reserved. All trademarks, service marks and trade names referenced herein are the property of their respective owners. Vantiv and other Vantiv products and services mentioned herein as well as their respective logos are registered trademarks or trademarks of Vantiv, LLC in the U.S. and other countries.

Source: Company press release.

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