ACI Worldwide & Gilbarco Collaborate to Provide Secure, Flexible & Reliable Payments Infrastructure for Fuel, Grocery & Conve...
February 11 2021 - 7:57AM
Business Wire
Joint point-to-point encryption (P2PE) security
solution to combat fraud in advance of EMV liability shift
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, and Gilbarco
Veeder-Root, the worldwide leader for retail and commercial fueling
operations, announced today that they are collaborating to jointly
certify the ACI point-to-point encryption (P2PE) data security
offering—enabling merchants to protect millions of consumers who
use debit or credit cards at their fuel pumps. The technology will
also allow merchants to avoid millions of dollars in losses
resulting from data breaches and fraud.
ACI and Gilbarco have partnered to exceed the EMV security
requirements already addressed by Gilbarco surrounding
“Pay-at-the-Pump” and the ensuing EMV liability shift, which is set
to occur in April 2021. While EMV compliance will deter the usage
of fraudulent cards, it does not solve the risk of breach and
exposure of sensitive consumer cardholder data at the pump. Through
this partnership, the companies’ joint security solution will
provide fuel retailers globally with P2PE capabilities at the pump
to bring a complete security solution to the market. This solution,
which works independently from a merchant’s choice of acquirer, PIN
entry device and POS, allows fuel retailers to encrypt their
sensitive cardholder data either at the point of interaction at the
pump or in-store, descoping their payments infrastructure from
sensitive cardholder data.
“As the first manufacturer to bring an outdoor EMV solution to
market, we are now looking beyond the concerns of magstripes and
skimming to a new threat attacking businesses in new ways,” said
Dan Witkemper, director of North America Payment Marketing,
Gilbarco. “ACI not only has an industry-leading P2PE solution but
decades of experience serving the fuel and convenience industry,
and we are excited to work with them to jointly provide this new
security offering. Together, we will provide the industry with
unmatched data security, preventing data breaches as we approach
the EMV liability shift.”
“Fuel and convenience store retailers are dealing with growing
payment complexities as well as growing fraud and data
breaches—both at the pump and in-store—making it more challenging
to keep sensitive cardholder data safe,” said Debbie Guerra,
executive vice president, ACI Worldwide. “EMV compliance is one
layer of security, but P2PE increases protection levels; through
our strategic partnership with Gilbarco, we’re delivering a joint
secure payments platform with unified and agnostic P2PE
capabilities that solves these challenges and further supports
readiness for this year’s EMV liability shift.”
About ACI Worldwide
ACI Worldwide is a global software company that provides
mission-critical real-time payment solutions to corporations.
Customers use our proven, scalable and secure solutions to process
and manage digital payments, enable omni-commerce payments, present
and process bill payments, and manage fraud and risk. We combine
our global footprint with local presence to drive the real-time
digital transformation of payments and commerce.
About Gilbarco Veeder-Root
Gilbarco Veeder-Root is the worldwide technology leader for
retail and commercial fueling operations offering the broadest
range of integrated solutions from the forecourt to the convenience
store and head office. For over 150 years, Gilbarco Veeder-Root has
earned the trust of its customers by providing long-term
partnership, uncompromising support, and proven reliability. Major
product lines include fuel dispensers, point-of-sale systems,
payment solutions, tank gauges, retail software development and
integration and fleet management systems. For more information,
please visit: www.gilbarco.com
© Copyright ACI Worldwide, Inc. 2021
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and
all ACI product/solution names are trademarks or registered
trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in
the United States, other countries or both. Other parties’
trademarks referenced are the property of their respective
owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20210211005044/en/
Media Contacts Dan Ring dan.ring@aciworldwide.com
781-370-3600
Nidhi Alberti nidhi.alberti@aciworldwide.com 781-370-3600
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