Verizon Earns PCI P2PE Data Security Status

NEW YORK and READING, England, Nov. 5, 2013 /PRNewswire/ --  Verizon Enterprise Solutions has added Point-to-Point Encryption certification to its extensive list of Payment Card Industry Data Security Standards qualifications. Verizon is now approved as a Qualified Security Assessor for Point-to-Point Encryption, and also a Payment Application Qualified Security Assessor for Point-to-Point Encryption.

With these capabilities, Verizon is now able to certify client systems that solely handle financial transactions, rather than having to certify an entire company. The PCI Point-to-Point Encryption (P2PE) Standard  focuses on point-to-point encryption solutions – the combination of secure devices, applications and processes that encrypt data from the point of interaction (for example, when a card is swiped or dipped) until it reaches the solution provider's secure decryption environment.

Rodolphe Simonetti, managing director of Verizon's Payment Card Industry Services, said: "The biannual 'Verizon Payment Card Industry Compliance Report' found that too many businesses struggle to comply with payment card security standards, putting consumers' confidential information at risk. PCI P2PE certification gives an alternate means of assuring the integrity of a customer's financial transactions by focusing purely on the money path,  which in many cases will be quicker, and more cost-effective, to achieve PCI DSS compliance. We are proud to add this capability to our already expansive range of global audit, management and implementation professional security services."

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 101 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with nearly $116 billion in 2012 revenues, Verizon employs a diverse workforce of 178,300.  For more information, visit www.verizon.com.

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SOURCE Verizon