VeriFone Holdings has announced that it has signed an agreement to become the lead investor in a Series B financing of Semtek Corporation - saying it "has doubled its investment in the security technology developer and acquired an option at a future date to purchase the remaining shares in Semtek." READ MORE »

Mercator Advisory Group has published a new report, End-to-End Encryption: The Acquiring Side Responds to Data Loss and PCI Compliance that "explores end-to-end encryption (E2EE) in the hands of merchants, payment service providers and processors. In the face of the three bogies of PCI DSS compliance and penalties, reputational risk and direct financial loss, the acquiring half of the payments process is evaluating options for eliminating cleartext cardholder data from their systems. Tokenization (the subject of a recent Mercator report) and end-to-end encryption are the leading candidates. This report examines the complexity of E2EE within payments and enterprise security." READ MORE »