Heartland, Voltage Security partner for end-to-end
Princeton, N.J., June 18, 2009 -- Heartland Payment Systems (NYSE: HPY - News), one of the nation’s largest payments processors, has selected Voltage Security as a partner to develop end-to-end encryption (E3) software specifically suited to payments processing. Voltage is a global leader in information encryption.
“Heartland is developing a complete end-to-end encryption solution designed to protect cardholder data at all stages of a transaction – from card swipe through delivery to the card brands,” said Bob Carr, Heartland’s chairman and chief executive officer. “Together with Voltage, we are developing a comprehensive solution that currently does not exist.”
Heartland’s new E3 solution will significantly enhance the security of payment card information throughout the processing lifecycle. The Voltage SecureData™ product line, based on its Format-Preserving Encryption™ and Identity-Based Encryption™ approaches, will power the software component of Heartland’s E3 solution. Heartland also employs Voltage SecureMail™ and Voltage SecureFile™ to protect personal information throughout its corporate and extended business network.
“Heartland’s vision for E3 sets a new security standard for the payments industry,” said Sathvik Krishnamurthy, president and chief executive officer of Voltage. “With Heartland E3, merchants will be able to significantly reduce their PCI audit scope and compliance costs, and because data is not flowing in the clear, they will be able to dramatically reduce their risks of data breaches.”
Heartland will launch its E3 pilot in Q3 and will continue to roll out additional features and products through 2010.
About Heartland Payment Systems
Heartland Payment Systems® (NYSE: HPY - News), the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations nationwide. Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, please visit http://www.heartlandpaymentsystems.com and http://www.MerchantBillOfRights.com .
About Voltage Security
Voltage Security, Inc., an enterprise security company, is the global leader in information encryption. Voltage solutions, based on next generation cryptography, provide encryption that just works for protecting valuable, regulated and sensitive information based on policy. Voltage delivers end-to-end encryption with rapid implementation and the lowest total cost of ownership in the industry through the use of award-winning Voltage Identity-Based Encryption™ (IBE) and a new breakthrough innovation: Format-Preserving Encryption™ (FPE). Voltage Security offerings include Voltage SecureMail™, Voltage SecureData™ and the Voltage Security Network™ (VSN), an on-demand managed service for the extended business network. The Company has been issued several patents based upon breakthrough research in mathematics and cryptographic systems. Customers include Global 1000 companies in banking, retail, insurance, energy, healthcare and government, such as the American Board of Family Medicine, Diebold, Integro Insurance Brokers, NTT Communications, SafeAuto Insurance, Winterthur Life UK Ltd. and XL Global Services. For more information please visit http://www.voltage.com .
Source: Company press release.