CINCINNATI, SCOTTSDALE, Ariz. and CUPERTINO, Calif., May
3, 2011 /PRNewswire/ -- Fifth Third Processing Solutions, a
premier full-service payment solutions provider, is pleased to
announce the launch of support for Hypercom Corporation's payment
software with Voltage Security's point-to-point data encryption.
These powerful counter top terminal solutions help retailers and
restaurants reduce the risk of data breaches by encrypting card
data in the terminal and rendering it unusable until it is received
and processed by Fifth Third Processing Solutions.
Available immediately, this next layer of Fifth Third Processing
Solutions' growing suite of data security products uses strong data
encryption technologies to protect card data during processing.
Fifth Third Processing Solutions has Class A certified Hypercom's
SPOS32 payment software with Voltage Security's point-to-point data
encryption to help U.S. retailers and restaurants using Hypercom's
Optimum T4205, T4210 and T4220 countertop terminals securely
process payments.
Secure point-to-point encryption, sometimes termed end-to-end
encryption, helps clients address the complex and changing needs of
security best practices and guidelines. Long known as a
payments advocate for the merchant community, Fifth Third
Processing Solutions is working with Voltage Security, Inc., a
global leader in enterprise and payment card data protection inside
and outside the cloud, and Hypercom Corporation, a global leader in
payment solutions, to offer solutions focused on protecting
sensitive cardholder information.
"Providing secure payment solutions to our merchant customers to
help them protect card data is a key initiative for our company,"
said Bill Weingart, Chief Product
Officer, Fifth Third Processing Solutions. "The Hypercom
Optimum terminal platform with Voltage SecureData support
demonstrates our commitment to offering our clients increased
security. With partners like Hypercom and Voltage Security, we are
able to adapt to new security solutions and deliver encrypted
processing to our valued customers."
"With Fifth Third Processing Solutions, we are bringing
state-of-the-art payment systems with added security to a broad
spectrum of countertop merchants throughout the United States," said David Cronin, President and Managing Director,
North America, Hypercom
Corporation.
"Voltage is pleased to be working with Fifth Third Processing
Solutions and Hypercom to provide point-to-point security solutions
to merchants," said Mark Bower, Vice
President of Product Management for Voltage Security. "Merchants of
all sizes can be impacted by a card data breach. Now, for the
protection of sensitive cardholder data used in payment
transactions, merchants can use Hypercom terminals through Fifth
Third Processing Solutions' market leading processing platforms to
support a safe and powerful solution for protecting card data."
About Hypercom Corporation
Global payment technology leader Hypercom Corporation delivers a
full suite of high security, end-to-end electronic payment
products, software solutions and services. The Company's solutions
address the high security electronic transaction needs of banks and
other financial institutions, processors, large scale retailers,
smaller merchants, quick service restaurants, and users in the
transportation, petroleum, healthcare, prepaid, self-service and
many other markets. Hypercom solutions enable businesses in more
than 100 countries to securely expand their revenues and profits.
Hypercom is a founding member of the Secure POS Vendor Alliance
(SPVA) and is the second largest provider of electronic payment
solutions and services in Western
Europe and third largest provider globally. To learn more
visit www.hypercom.com.
About Voltage Security, Inc.
Voltage Security, Inc., an enterprise security company,
is an encryption innovator and global leader in enterprise data
protection for data residing both inside and outside the cloud.
Voltage solutions provide cloud-scale encryption and simplified key
management for protecting sensitive information wherever it is
stored and processed, on-premise or in private and public clouds.
Voltage solutions reduce the risks associated with theft of
sensitive and private information, support privacy guidelines
including PCI DSS, HITECH, U.S. Data Breach Disclosure laws and
European Data Privacy directives, and uniquely provide security of
data coupled with unmatched usability which results in
significantly lowered total cost of ownership. To learn more about
Voltage visit www.voltage.com.
Hypercom and Optimum and Design are registered trademarks of
Hypercom Corporation.
About Fifth Third Processing Solutions
Fifth Third Processing Solutions, LLC delivers innovative
payment transaction processing and acceptance solutions to create
and support complex payment strategies for merchants, businesses,
and financial institutions around the world. A pioneer in card
payment acceptance in the early 1970s, Fifth Third Processing
Solutions is headquartered in Cincinnati,
Ohio, and is a joint venture with Advent International and
Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).
As a premier full service payment solutions provider, the
Company provides servicing solutions and product engineering for
financial institutions' and retailers' credit card, debit card,
merchant and private label programs, processing over 11.4 billion
ATM and point of sale transactions and over $378 billion in debit and credit card sales
volume annually. Its subsidiary, NPC, is the largest provider of
payment processing services exclusively focused on the
small-to-medium merchant processing market. The Company
supports over 406,000 merchant and financial institution locations
and 12,000 ATMs in 46 states and 8 countries. According to the
Nilson Report (March 2011), the
Company is the largest PIN Debit U.S. acquirer and third largest
U.S. merchant transaction acquirer ranked by general purpose
transaction volume. Learn more at www.FTPSLLC.com
CONTACT:
Pete Schuddekopf
Hypercom Corporation
480.642.5383
pschuddekopf@hypercom.com
CONTACT:
Julie McHenry
Communications Insight, LLC
650.504.6655
julie@comminsight.com
CONTACT:
Lynn M. Rhoads, Senior Vice
President
Communications Director
513.534.7742
lynn.rhoads@53.com
www.ftpsllc.com
SOURCE Fifth Third Processing Solutions