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RBS WorldPay, an Atlanta-based payment processor, will use VeriShield Protect, a service that encrypts transaction data when a payment card is swiped until it is decrypted at the receiving end, such as at a processor, says VeriFone Holdings Inc. San Jose, Calif.-based VeriFone launched VeriShield Protect in April 2008. VeriFone says RBS WorldPay is the first publicly announced processor to use the service. VeriFone says it and RBS WorldPay will work together to sell VeriShield Protect to RBS WorldPay's merchant clients. The system "eliminates usable cardholder data from the merchant's point-of-sale applications, networks and services" using an encryption technology that "preserves existing card track data formats so it works transparently with retailers' existing payment infrastructure," VeriFone says. RBS WorldPay tells CardLine sister publication ISO&Agent Weekly that the VeriShield Protect first will be introduced to its grocer and multi-lane retail merchants, with a second phase following that could make it available to smaller merchants. RBS WorldPay says current demand for this service is strongest among the largest merchants that are required to provide audited reports of their payment networks.
