PRESS RELEASE: June 8, 2010
Elavon Selects Voltage Security for
End-to-End Data Protection
Fourth Largest US Payment Processor to Use Voltage for Merchant End-to-End Encryption
June 8, 2010 -- Palo Alto, CA -- Voltage Security, Inc. (www.voltage.com), the global leader in end-to-end data protection, and Elavon™, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and a leading global payments provider, today announced that Voltage has been selected as part of Elavon’s comprehensive and enhanced security offerings for its merchant network. Voltage SecureData™ featuring Voltage’s breakthrough Format-Preserving Encryption (FPE), coupled with simplified key management supplied by Voltage Identity-Based Encryption (IBE), becomes one of the end-to-end encryption approaches for Elavon’s gateway and acquiring solutions.
“With the addition of Elavon, Voltage has now been chosen by three of the top five payment processors for end-to-end encryption. With its dedication to providing innovative payment solutions, we look forward to working with Elavon to secure transactions throughout their processing network,” said Sathvik Krishnamurthy, president and CEO of Voltage Security.
“Data privacy and transaction security has always been a priority at Elavon. We believe that robust encryption, coupled with simplified overhead and administration will become an important part of secure end-to-end processing for many of our merchants,” said Christopher S. Kenyon, Chief Information Officer and executive vice president systems and technology, Elavon.
Voltage end-to-end payment security solutions are available integrated with a variety of hardware platforms and as a software-only implementation for e-commerce. For a full list of Voltage payment partners please visit: www.voltage.com/partners/payment.htm.
Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp. Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada, Mexico and Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring. Elavon's services are marketed through multiple alliance partner channels including financial institutions, trade associations and ISOs. Elavon has solutions to meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector. Visit Elavon online at www.elavon.com.
About Voltage Security
Voltage Security, Inc., an enterprise security company, is an encryption innovator and global leader in end-to-end data protection. Voltage solutions, based on next generation cryptography, provide end-to-end encryption, tokenization, masking and simplified key management for protecting sensitive information such as card holder data. Voltage products enable reduction in PCI audit cost with rapid implementation and the lowest total cost of ownership in the industry through the use of award-winning cryptographic solutions, including Voltage Identity-Based Encryption™ (IBE) and a new breakthrough innovation: Format-Preserving Encryption™ (FPE). Offerings include Voltage SecureMail™, Voltage SecureData™, Voltage SecureFile™ and the Voltage SecureMail Network™ (VSN), an on-demand managed service for the extended business network.
As a service to the industry and general public, the company maintains the Voltage Data Breach Index and Map which is continuously updated with global data breach information: www.voltage.com/data-breach. The Company has been issued several patents based upon breakthrough research in mathematics and cryptographic systems. Customers include Global 1000 companies in banking, retail, insurance, energy, healthcare and government. To learn more about Voltage customers and sign up for the customer news letter please visit www.voltage.com/customers.
Voltage Identity-Based Encryption, Voltage Format-Preserving Encryption, Voltage SecureMail, Voltage SecureFile, Voltage SecureData and the Voltage SecureMail Network (VSN), are registered trademarks of Voltage Security, Inc. All other trademarks are property of their respective owners.