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Global Payments' EdgeShield Security Bundle Reduces Card Data Vulnerabilities and Prepares for EMVGlobal Payments Inc. (NYSE: GPN), one of the largest worldwide providers of payment solutions is pleased to announce the launch of EdgeShield™, an advanced security services bundle designed to protect credit card data, prevent counterfeit fraud and enhance payment processing security. EdgeShield, through a unique collection of complementary solutions, delivers a more secure payments platform while preparing point-of-sale developers and merchants for the upcoming EMV mandates. Delivered through the OpenEdge™ integrated payments division of Global Payments, EdgeShield is a collection of security-related components designed to eliminate existing vulnerabilities within the payments chain. When integrated into systems that accept payments, the bundle is intended to protect credit card data while at rest and in transit. EdgeShield includes: EMV. This fraud-reduction technology seeks to protect card issuers, merchants and consumers from losses due to the use of counterfeit and stolen payment cards at the point-of-sale. EMV Smart Cards are embedded with a chip that interacts with a merchant's point-of-sale device, helping to ensure the card is valid and belongs to the user. This chip technology is virtually impossible to duplicate. The technology also assists in insulating developers from complex device driving and card brand certifications. < > P2P Encryption. OpenEdge's proprietary encryption is designed to render cardholder data virtually unreadable, encrypted at the device. Merchants are unable to view card numbers after the swipe or hand-key.Token Vault. Cardholder data is replaced by digital "tokens" based on this technology. Sensitive data is stored in the more secure OpenEdge vault rather than in the merchant environment. PCI (News - Alert) 3.0. Payment applications are rendered out-of-scope with EdgeShield, eliminating cumbersome PCI validation requirements. "Anyone who accepts credit card payments and anyone who uses credit cards is keenly aware that data security is of the utmost importance to the ecosystem," stated Sid Singh, Senior Vice President and General Manager of OpenEdge. "EdgeShield is a multi-layered approach to card data security. OpenEdge now offers industry-leading protection at critical points through the transaction flow. Furthermore, we're preparing the market for emerging payment technologies in a thoughtful, more secure manner." About OpenEdge OpenEdge helps software developers and businesses succeed by delivering secure and personalized payment solutions. As the integrated payments division of Global Payments, OpenEdge is driving innovation - adapting, scaling and simplifying how payments are processed, across platforms and points-of-interaction, in an increasingly complex landscape. OpenEdge serves more than 2,000 technology partners across 60 industry verticals throughout the United States and Canada. About Global Payments Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, Brazil, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services. |
