New jersey-based Heartland Payment Systems has selected Voltage Security, a provider of information encryption, as a partner to develop end-to-end encryption (E3) software, specifically suited to payments processing. The company said that its new E3 solution will enhance the security of payment card information throughout the processing lifecycle. The Voltage SecureData product line, based on its Format-Preserving Encryption and Identity-Based Encryption approaches, is expected to power the software component of Heartland’s E3 solution.
Bob Carr, Chairman and CEO, Heartland, said: “Heartland is developing a complete end-to-end encryption solution designed to protect cardholder data at all stages of a transaction – from card swipe through delivery to the card brands. Together with Voltage, we are developing a comprehensive solution that currently does not exist.”
Sathvik Krishnamurthy, President and CEO, Voltage, said: “Heartland’s vision for E3 sets a new security standard for the payments industry. With Heartland E3, merchants will be able to significantly reduce their PCI audit scope and compliance costs, and because data is not flowing in the clear, they will be able to dramatically reduce their risks of data breaches.”
Heartland Payment Systems delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations.
Voltage Security is an enterprise security company. It provides encryption that works for protecting valuable, regulated and sensitive information based on policy.
