19 August 2017
Find out more

ACI achieves PCI Compliance for end-to-end encryption package

09 May 2017  |  3993 views  |  0 Source: ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that its Point-to-Point Encryption (P2PE) solution, part of the UP Merchant Payments platform, has been independently validated to meet the Payment Card Industry (PCI) P2PE Solution standard.

ACI’s P2PE solution has met the rigorous controls defined for the protection of payment card data. The validation, which was conducted by Coalfire, an Independent PCI Qualified Security Assessor (QSA), concludes that “ACI offers a flexible, scalable and secure solution that can be used by merchants to reduce risk of a breach and lessen the burdens of PCI DSS compliance efforts.”

As a data security encryption technique, P2PE helps to considerably increase data security for consumers and merchants. It protects cardholder data by converting a consumer’s confidential credit or debit card data into indecipherable codes when the card is read by the payment terminal.

Andrew Quartermaine, vice president, SaaS solutions, ACI Worldwide comments:
“ACI is proud to have achieved the PCI compliance validation for its P2PE card payments solution. Merchants continue to come under intense scrutiny from their acquirers and other stakeholders. The solution not only enhances data security for our merchant customers, but also drives considerable cost savings as it dramatically reduces the time and money merchants must spend on the required annual assessment under the PCI Data Security Standard (PCI DSS).

“We have now started the production roll-out of ACI’s PCI-listed P2PE solution for a number of our UP Merchant Payments clients who will benefit from even higher levels of reliability, security and data privacy.”

Ted Keniston, managing principal, P2PE, Coalfire comments:
“Coalfire is proud to have partnered with ACI to validate their P2PE solution. The process is rigorous and goes through several phases of analysis, testing and validation by our P2PE certified experts. Achieving validation will offer ACI clients the opportunity to reduce their PCI compliance burdens, while also providing them with the confidence of much higher levels of security and protection for their transactions.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

ACI Worldwide

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comdownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7966 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7392 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6212 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6108 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5950 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job