First Data Announces PCI P2PE Validation for Enterprise Clients
January 14 2019 - 9:08AM
Business Wire
PCI Council approved P2PE (point-to-point
encryption) validation helps merchants reduce PCI compliance by as
much as 90 percent
First Data becomes first processor to offer
P2PE validation without the need for a gateway
First Data (NYSE: FDC), a global leader in
commerce-enabling technology, today announced a new PCI P2PE
validation to its portfolio, TransArmor P2PE using Ingenico Group’s
On-Guard solution. The addition of TransArmor P2PE makes First Data
the first processor to offer enterprise clients a single,
multi-layered solution with both point-to-point and end-to-end
encryption.
“The PCI Validation of TransArmor P2PE will reduce PCI scope for
our enterprise clients, and minimize the burden these businesses
feel on an annual basis,” said EJ Jackson, Senior Vice President,
Head of Security and Fraud Solutions at First Data. “Businesses
that are secured by First Data stay compliant and provide their
customers with the most secure commerce experience possible.”
As part of the validation process, First Data partnered with
Sysnet Global Solutions to ensure all facilities and processes met
PCI P2PE guidelines. The addition of TransArmor P2PE adds to First
Data’s suite of P2PE solutions, which secure data in use, in
transit, and at rest. First Data’s Clover Solutions for small and
medium sized businesses were P2PE validated in 2018, and
CardConnect was validated in 2017.
TransArmor P2PE using On-Guard is currently available on
Ingenico Group’s Telium 2 line of smart terminals. First Data
expects additional encryption types and terminal vendors to be
added throughout 2019.
Benefits to using TransArmor P2PE include:
- Multi-layered approach to security;
including Point-to-Point Encryption, Encryption through entire
lifecycle to First Data platform, and TransArmor Tokenization when
at rest
- Leverage existing certifications for
lowest cost path to P2PE
- Provides the tools to reduce compliance
scope and overhead by 50 to 90 percent1
To learn more about TransArmor P2PE, visit the First Data booth
at the NRF Show in NYC January 13-15 (Booth #4201).
1 P2PE validation reduces the number of SAQ-D questions
on a merchant’s PCI Assessment from 332, to 33 using SAQ-P2PE.
About First Data (NYSE: FDC)
First Data (NYSE: FDC) is a global leader in commerce-enabling
technology, serving approximately 6 million business locations and
4,000 financial institutions in more than 100 countries around the
world. The company’s 22,000 owner-associates are dedicated to
helping companies, from start-ups to the world’s largest
corporations, conduct commerce every day by securing and processing
more than 3,000 transactions per second and $2.4 trillion per year.
For more information, visit www.firstdata.com and follow us on
Twitter at @FirstData and LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190114005480/en/
Andrea DuffyFirst Data646-984-0240Andrea.Duffy@firstdata.com
First Data (NYSE:FDC)
Historical Stock Chart
From Mar 2024 to Apr 2024
First Data (NYSE:FDC)
Historical Stock Chart
From Apr 2023 to Apr 2024