LAS VEGAS, Sept. 17 /PRNewswire/ -- Shift4 Corporation, a leading
developer of enterprise payment solutions, today released a white paper
detailing Tokenization and its advantages over encryption for protecting
Cardholder Data (CHD). This free resource focuses on the benefits of
Tokenization for the storage of CHD compared to encryption and describes in
simple terms Shift4's 4Go(TM) products as a tool for Payment Card Industry
Data Security Standard (PCI DSS) compliance.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20061121/LATU024LOGO
)
"Understanding the rules, regulations, and requirements to achieve PCI
compliance can prove to be very difficult and place a heavy burden on an
organization. Shift4 is proud to release an informative white paper on how
merchants and payment application vendors can enjoy secure payment processing
without investing a lot of time, money, or resources," stated Randy Carr, Vice
President of Marketing, Shift4 Corporation.
PCI-DSS version 1.1 contains 12 requirements to help organizations protect
customer account data. Each requirement is listed on the PCI Security
Standards Council website at
http://www.pcisecuritystandards.org
. PCI is
intended to be the "minimum" requirements for protecting CHD and is an ongoing
process that impacts an entire organization.
"Tokenization in Depth will help ease the PCI pain with a less expensive
strategy for compliance. Tokenization reduces the cost of developing and
implementing need-to-know access levels, data usage monitoring and reporting
to the POS application, and helps merchants define user access policies as
required by PCI DSS," stated Steve Sommers, Senior Vice President, Application
Development, Shift4 Corporation.
Tokenization is not encryption and a token is not encrypted CHD.
Tokenization is the concept of using a non-decryptable piece of data to
represent by reference sensitive or secret data. A token is used to initiate
payment requests or updates of an already existing payment transaction. In
PCI context, tokens are used to reference cardholder data that is stored in a
separate database, application, or offsite secure facility.
"The best way to secure credit card information is to not store the data
at all, which is the theory behind Tokenization. Tokenization in Depth is a
good resource for merchants to focus on security rather than spending
hundreds-of-thousands of dollars to upgrade their systems for compliance,"
stated Dave Oder, President and CEO, Shift4 Corporation.
Tokenization technology can be implemented and installed easily for
current and legacy applications so that the point-of-sale (POS) or property
management system (PMS) applications do not store cardholder information.
Shift4's white paper provides a comprehensive description of Tokenization that
will proactively change the way merchant's process payment cards.
For a free download of Shift4's Tokenization in Depth white paper visit
http://www.shift4.com/whitepapers.htm
.
About Shift4 Corporation
Shift4, a leading developer of secure financial transaction processing
software and services, provides web-based, real-time enterprise payment
solutions for leaders in the hospitality, retail, foodservices, auto rental
and e-commerce markets. Through connectivity to most major processors, DOLLARS
ON THE NET(R) provides both high speed and low cost authorizations and
settlements for credit, debit, check, private label and gift card
transactions. DOLLARS ON THE NET also includes the ability to access, review
and edit transactions prior to settlement, as well as a searchable, 24-month
archive of transactions for reporting and charge back defense. For more
information, contact John Mann, Vice President of Sales, (702) 597-2480 x43200
or
jmann@shift4.com
, or visit
http://www.shift4.com
.
SOURCE Shift4 Corporation
CONTACT: Randy Carr, Vice President of Marketing of Shift4 Corporation, +1-702-597-2480, ext. 43300,
randy@shift4.com
