|Shift4 Partners with ID TECH to Add Point-to-Point Encryption|
LAS VEGAS — Tuesday, June 26, 2012 — Shift4 Corporation, the world’s largest independent payment gateway, has announced a new Point-to-Point Encryption (P2PE) functionality achieved through a partnership with device manufacturer ID TECH.
“This solution pairs the proven security of TrueTokenization® with the PCI-reduction of P2PE and provides merchants with the best of both worlds," said Shift4 CEO Dave Oder. "We're very excited to have ID TECH as our partner on this project."
ID TECH’s suite of devices allows merchants to encrypt cardholder data (CHD) at the point of entry – inside the swipe device or the keypad, before it has even entered the merchant’s environment. That encrypted data is then intercepted by Shift4’s 4Go® software-based, card-data firewall, and immediately sent to their DOLLARS ON THE NET® payment gateway. After authorizing the transaction, Shift4 passes back a TrueToken™ to the merchant for record-keeping, card-on-file transactions, and chargeback defense. Because neither the encrypted data nor the TrueToken are considered CHD, the merchant’s system remains out of the scope of PCI audits.
“Combining ID TECH’s secure encrypting payment devices with Shift4, a proven leader in payment transaction processing, gateway services, and tokenization, brings a new level of payment security to the market and to our customers,” said ID TECH’s Business Development Manager Justin Ning.
For Shift4 customers who already have 4Go in place, the addition of P2PE is as simple as ordering the appropriate ID TECH devices and plugging them in. The development work has been completed by Shift4 and ID TECH, so merchants can reap the benefits of those efforts immediately.
“With this solution in place, the merchant has no card data environment (CDE) because no real card data ever touches their system. With no CDE, PCI has no claim on them,” Oder said. “They are free to turn the time and resources previously dedicated to compliance to issues of real importance, like true security and providing excellent service to their customers.”
Integrations are currently underway for the following ID TECH devices:
About Shift4 Corporation
Founded in Las Vegas in 1994, Shift4 Corporation is the world’s largest independent gateway, serving more than 20,000 clients in several industries, including Hospitality, Retail, Food & Beverage, Mail/Telephone Order, and e-Commerce. Boasting more than 350 POS/PMS integrations and maintaining absolute bank- and processor-neutrality, Shift4 is proudly merchant-centric, helping clients secure the best discount rates while providing industry-leading security, speed, and reliability. Recognized as a pioneer of Tokenization, Shift4 has processed more than three billion tokenized transactions since it coined the term in 2005. Shift4’s DOLLARS ON THE NET® solution provides unparalleled pre- and post-settlement auditing capabilities, fraud protection, and drastically simplified PCI compliance. For more information, visit www.shift4.com.
About ID TECH
ID TECH is a global leader in the Auto ID industry with sales, manufacturing and R&D facilities around the world. The company has become a well-established payment solutions provider with extensive experience in data capturing and encryption products and services. Designing dependable, feature-rich products has made ID TECH a leading supplier of MagStripe readers/writers, mobile payment readers, smart card readers, barcode readers, POS keyboards, signature capture devices, PCI-compliant PIN pads, and other specialty products for OEMs, VARs, resellers, distributors, and key end users. ID TECH provides both standard and custom solutions to support customer requirements. For more information about ID TECH, please call 1-800-984-1010 or visit www.idtechproducts.com.