ALLENTOWN, Pa. and LAS VEGAS, Feb. 26, 2019 /PRNewswire/ -- Shift4 Payments, the leader in secure payment processing solutions, today announced that its secure key-injection facility (KIF), located in Allentown, Pa., has been validated as a point-to-point encryption (P2PE) component provider by the Payment Card Industry Security Standards Council (PCI SSC).
Shift4's KIF is a secure facility where electronic payment terminals and point-of-interaction (POI) devices are loaded with security keys in accordance with strictly defined operating procedures. Those keys help preserve the security of cardholder data that is processed on POI devices. Shift4's facility has the capacity to encrypt thousands of payment terminals each year and is one of only 33 certified KIFs in North America. This capability is a critical element of Shift4's vertically integrated strategy of delivering complete, hassle-free payment processing solutions to its customers and sales partners.
Shift4's PCI-validated P2PE solution encrypts card data the moment it is swiped, dipped, manually entered, or tapped (as with mobile wallets like Apple Pay). This keeps sensitive card data from entering the merchant's payment environment as well as that of their point of sale (POS) or property management system (PMS). This significantly reduces the scope and time of required PCI DSS assessments through the ability to complete the Self-Assessment Questionnaire (SAQ) P2PE "short form." Furthermore, by ensuring that sensitive data never enters the merchant's payment systems, they are given the strongest data protection available against hackers.
Shift4 Payments CEO Jared Isaacman said, "Having our facility certified by PCI is a testament to our long-standing commitment to payment data security. We are now able to provide our customers the most complete solution available and support all aspects of their payments without involving any third parties."
For more information about Shift4 Payments, visit shift4.com.
About Shift4 Payments Shift4 Payments is the leader in secure payment processing solutions. The company's groundbreaking technologies help power the top software providers in numerous verticals, including hospitality, retail, F&B, e-commerce, lodging, gaming, and many more. Shift4's family of software brands includes Harbortouch, Restaurant Manager, POSitouch, and Future POS — with additional integrations to 300+ POS/PMS systems across every industry. With an expansive global footprint that includes eight offices across the U.S. and Europe and over 8,000 sales partners, the company securely processes more than a billion transactions annually for nearly 200,000 businesses, representing over $100 billion in payments each year. To learn more, visit shift4.com.