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Fifth Third Processing Solutions Expands Suite of Security Solutions
May 03, 2011 (04:05 PM EDT)
Deploying Encryption Solution for Secure Terminal Processing
CINCINNATI, SCOTTSDALE, Ariz. and CUPERTINO, Calif., May 3, 2011 /PRNewswire/ -- Fifth Third Processing Solutions, a premier full-service payment solutions provider, is pleased to announce the launch of support for Hypercom Corporation's payment software with Voltage Security's point-to-point data encryption. These powerful counter top terminal solutions help retailers and restaurants reduce the risk of data breaches by encrypting card data in the terminal and rendering it unusable until it is received and processed by Fifth Third Processing Solutions.
Available immediately, this next layer of Fifth Third Processing Solutions' growing suite of data security products uses strong data encryption technologies to protect card data during processing. Fifth Third Processing Solutions has Class A certified Hypercom's SPOS32 payment software with Voltage Security's point-to-point data encryption to help U.S. retailers and restaurants using Hypercom's Optimum T4205, T4210 and T4220 countertop terminals securely process payments.
Secure point-to-point encryption, sometimes termed end-to-end encryption, helps clients address the complex and changing needs of security best practices and guidelines. Long known as a payments advocate for the merchant community, Fifth Third Processing Solutions is working with Voltage Security, Inc., a global leader in enterprise and payment card data protection inside and outside the cloud, and Hypercom Corporation, a global leader in payment solutions, to offer solutions focused on protecting sensitive cardholder information.
"Providing secure payment solutions to our merchant customers to help them protect card data is a key initiative for our company," said Bill Weingart, Chief Product Officer, Fifth Third Processing Solutions. "The Hypercom Optimum terminal platform with Voltage SecureData support demonstrates our commitment to offering our clients increased security. With partners like Hypercom and Voltage Security, we are able to adapt to new security solutions and deliver encrypted processing to our valued customers."
"With Fifth Third Processing Solutions, we are bringing state-of-the-art payment systems with added security to a broad spectrum of countertop merchants throughout the United States," said David Cronin, President and Managing Director, North America, Hypercom Corporation.
"Voltage is pleased to be working with Fifth Third Processing Solutions and Hypercom to provide point-to-point security solutions to merchants," said Mark Bower, Vice President of Product Management for Voltage Security. "Merchants of all sizes can be impacted by a card data breach. Now, for the protection of sensitive cardholder data used in payment transactions, merchants can use Hypercom terminals through Fifth Third Processing Solutions' market leading processing platforms to support a safe and powerful solution for protecting card data."
About Hypercom Corporation
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally. To learn more visit www.hypercom.com.
About Voltage Security, Inc.
Voltage Security, Inc., an enterprise security company, is an encryption innovator and global leader in enterprise data protection for data residing both inside and outside the cloud. Voltage solutions provide cloud-scale encryption and simplified key management for protecting sensitive information wherever it is stored and processed, on-premise or in private and public clouds. Voltage solutions reduce the risks associated with theft of sensitive and private information, support privacy guidelines including PCI DSS, HITECH, U.S. Data Breach Disclosure laws and European Data Privacy directives, and uniquely provide security of data coupled with unmatched usability which results in significantly lowered total cost of ownership. To learn more about Voltage visit www.voltage.com.
Hypercom and Optimum and Design are registered trademarks of Hypercom Corporation.
About Fifth Third Processing Solutions
Fifth Third Processing Solutions, LLC delivers innovative payment transaction processing and acceptance solutions to create and support complex payment strategies for merchants, businesses, and financial institutions around the world. A pioneer in card payment acceptance in the early 1970s, Fifth Third Processing Solutions is headquartered in Cincinnati, Ohio, and is a joint venture with Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).
As a premier full service payment solutions provider, the Company provides servicing solutions and product engineering for financial institutions' and retailers' credit card, debit card, merchant and private label programs, processing over 11.4 billion ATM and point of sale transactions and over $378 billion in debit and credit card sales volume annually. Its subsidiary, NPC, is the largest provider of payment processing services exclusively focused on the small-to-medium merchant processing market. The Company supports over 406,000 merchant and financial institution locations and 12,000 ATMs in 46 states and 8 countries. According to the Nilson Report (March 2011), the Company is the largest PIN Debit U.S. acquirer and third largest U.S. merchant transaction acquirer ranked by general purpose transaction volume. Learn more at www.FTPSLLC.com
SOURCE Fifth Third Processing Solutions