VeriFone Holdings has unveiled Secure PumpPAY solution for upgrading gas pump card payments to meet the payment card industry security standards.
The introduction of Secure PumpPAY will make unsecured fuel dispensers in the US and Canada to be able to protect themselves and their customers from fraud. The Secure PumpPAY solution is anchored by the Payment Card Industry (PCI)-approved OP4100, which includes an ATM-style keypad and a card reader that accepts EMV chip and magnetic stripe credit and debit cards, as well as support for all major contactless payment schemes. The OP4100 will support VeriFone’s patent-pending technology to cryptographically mask account numbers and magnetic stripe data throughout the retailer’s system, easing PCI compliance and rendering the card data useless to criminals if a retailer’s network is breached.
Douglas Bergeron, chairman and CEO of VeriFone, said: Law enforcement and industry groups have identified fuel dispensers as an increasing target of criminal activity, but existing fuel dispensers in the US do not meet payment card industry security requirements. Secure PumpPAY is an easy-to-integrate, easy-to-upgrade, all-in-one solution to meet any need and protect retailers and their customers from card fraud.