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Chase Paymentech, VeriFone, Semtek join forces for the delivery of encryption services

Tuesday 27 October 2009 16:02 CET | News

US card payment processing services provider Chase Paymentech has teamed up with electronic payment services company VeriFone and Semtek, a developer of card data capture and magnetics technology, to provide end-to-end encryption technologies for merchants.

Under the terms of the agreement, the three companies will market and distribute VeriFone’s VeriShield Protect solution to the Chase Paymentech retail merchants. The end-to-end encryption solution is meant to enable merchants to reduce the costs to comply with PCI requirements and associated security risk by protecting card data from the point of swipe to the Chase Paymentech authorisation host.


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Keywords: Chase Paymentech, VeriFone, Semtek, encryption services, card data capture, VeriShield Protect solution
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce