Secure electronic payment services provider VeriFone is set to make its VeriShield Protect end-to-end encryption solution for card payment security available for use with the EMV smart card standard and enable it to support contactless payments.  

First introduced in the US to provide merchants and acquirers with a means to secure cardholder information and comply with PCI data security requirements, VeriShield Protect is now being expanded for use worldwide in support of all card payment types. VeriShield Protect with EMV and contactless capability is now being introduced in the UK and for other regions beginning in spring 2010.

VeriShield Protect eliminates usable cardholder data from a retailer's POS applications, networks and servers by encrypting it, so that even in the event of a security breach no usable data could be compromised. Real-time monitoring of payment transactions ensures that organizations can respond immediately to mitigate any attempted breach.

In addition, VeriFone’s VeriShield Secure Device Management Service (VSDMS) provides real-time, actionable security alerts regarding breaches or use of non-compliant devices or systems for timely mitigation.