RBS WorldPay to Offer VeriShield Protect

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RBS WorldPay to offer VeriFone's end-to-end encryption solution



San Jose, Calif., Aug. 11, 2009--VeriFone Holdings, Inc. (NYSE: PAY) today announced that RBS WorldPay, the fastest growing top ten payment processor in the US, has agreed to work jointly and expeditiously towards marketing VeriFone's VeriShield Protect end-to-end solution for encrypting payment card data.



RBS WorldPay is the first merchant acquirer to endorse a commercial end-to-end encryption solution. By encrypting the card number on swipe, right at the point of sale, RBS WorldPay merchants who choose the VeriShield Protect solution will be able to dramatically reduce both their own risk and that of their customers as well.



"RBS WorldPay merchants and prospects are telling us they want to significantly reduce the impact of PCI compliance on their business - and they want a solution their processor endorses," said Ian Stuttard, president and CEO of RBS WorldPay. "VeriShield Protect will easily integrate into multi-lane retailers' existing systems and networks."



VeriFone's VeriShield Protect eliminates usable cardholder data from the merchant's POS applications, networks and servers, using AES-level encryption that preserves existing card track data formats so it works transparently with retailers' existing payment infrastructure.



"RBS WorldPay is taking a leadership position in addressing merchant concerns with potential liability over data breaches and the complexity of complying with card issuer requirements," said Douglas Bergeron, VeriFone, CEO. "Using VeriShield Protect's true hardware-fortified end-to-end encryption, usable card data can be removed from the merchant environment, eliminating the leading source of compromise."



With end-to-end encryption, even in the event of a breach of the retailer's system, any stolen data would be unusable. Because VeriShield Protect preserves the format of the card data there is no need to redesign the POS applications to deal with a new data format. In addition to encrypting card data, VeriShield Protect monitors all systems in real time at the device level via VeriShield Secure Device Management Service (VSDMS), so if a breach occurred the retailer would be immediately alerted. In addition, data encryption keys can be managed remotely as part of the device management service.



About RBS WorldPay, Inc.



RBS WorldPay, Inc. is a leading, single-source provider of electronic payment processing services - including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, ATM processing and cash management services.



RBS WorldPay is the US-based payment processing division of the Royal Bank of Scotland Group plc. For more information, please visit www.RBSWorldPay.us .



About The Royal Bank of Scotland Group (RBS)



The RBS Group is a financial services company providing a range of retail and corporate banking, financial markets, consumer finance, insurance, and wealth management services. The RBS Group operates in the Americas, Asia and the Middle East serving more than 40 million customers. For more information, please visit www.RBS.com .



About VeriFone Holdings, Inc. (www.verifone.com )



VeriFone Holdings, Inc. ("VeriFone") (NYSE:PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.



Source: Company press release.