LAS VEGAS, Sept. 17 /PRNewswire/ -- Shift4 Corporation, a leading
developer of enterprise payment solutions, today released a white paper
connecting the dots between terrorism funding and credit card information
theft. This free resource is authored by Dennis M. Lormel, retired Federal
Bureau of Investigation (FBI) and current Managing Director of the Anti-Money
Laundering (AML) and Combating the Financing of Terrorism (CFT) issues at IPSA
International, Incorporated. Mr. Lormel was a featured speaker at Shift4's
2007 Real Security Summit and gave a compelling presentation regarding the
terrorist connection to credit card information theft at that time. This
white paper is a current follow-up on that presentation.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20061121/LATU024LOGO
)
"Everyone with responsibility for safeguarding credit card information and
preventing credit card fraud must understand that they are engaged in the
financial or economic component of the war on terrorism. Once compromised by
terrorists, credit card information will be used to generate funding to
support terrorist activity," Dennis Lormel, Managing Director, IPSA
International, Inc.
"Terrorism and Credit Card Information Theft: Connecting the Dots" white
paper details how credit card information theft and fraud represents a
lucrative funding system for terrorists. As a resource of our financial
system, credit cards serve as the means for the source and distribution of
funds. This white paper discusses the best practices for the detection and
prevention of cardholder data theft and fraud by terrorists.
"Shift4 is excited to offer this white paper to educate merchants on the
connection between terrorism and credit card liability. In our effort to
develop and implement security technologies that protect credit card
information, Shift4's Card Information Replacement Technology(SM) (CIRT) helps
merchants achieve Real Security because their system application is no longer
handling real cardholder data," Randy Carr, Vice President of Marketing,
Shift4 Corporation.
Shift4's DOLLARS ON THE NET(R) payment gateway is fully integrated with
CIRT to remove credit card information from the point-of-sale (POS) and/or
property management system (PMS) so merchants can quickly, accurately, and
securely process credit, debit, and gift card transactions. CIRT provides
Shift4 customers with a Payment Card Industry (PCI) code compliant payment
system where no cardholder data is stored, transmitted or processed at the
merchant level.
To further validate the connection between terrorism and the risk of
credit card information theft, the PCI Security Standards Council Community
Meeting in Orlando, Florida, on September 24 - 25, 2008 presents The Emerging
Threats session where a leading counter-terrorism expert will provide an
overview of emerging threats to data security.
While merchants may never deal with a terrorist, it is evident through
this white paper that it is possible due to the fact that terrorists are
regularly exploiting credit card vulnerabilities. For a free download of
Shift4's "Terrorism and Credit Card Information Theft: Connecting the Dots"
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
