VeriFone Holdings, Inc. has announced that its PCI-approved fuel dispenser payment system, Secure PumpPAY, has securely processed more than one million transactions during consumer field trials.  Responding to the alarming increase in credit and debit card fraud events at the gas pump, petroleum retailers are moving quickly to integrate this secure payment solution and ensure protection for their customers and their brands.

Secure PumpPAY offers petroleum retailers a cost effective security solution by upgrading existing fuel dispensers with card payment technology that meets current Payment Card Industry standards, including Triple Data Encryption Standard (TDES) requirements that have been mandated by Visa for every existing pump by July 2010, according to VeriFone.

Secure PumpPAY is supported by seven of the top 10 major oil brands and is the only PCI-approved solution that includes a PCI encrypted PIN pad and TDES encryption, the company says. The solution also supports patent pending technology that cryptographically masks all customer account information at the card reader, rendering compromised data useless to criminals.

In addition to meeting the current Visa mandates, Secure PumpPAY offers additional security features including a tightly sealed housing unit that shields all cables against skimmer installation. A polymer tactile keypad prevents keyboard overlay skimmers from being installed, and a privacy guard around the keypad shields the consumer's PIN entry from surreptitious cameras.

VeriFone's Secure PumpPAY is a compact, powerful solution for petroleum stations, convenience stores and supermarkets that need to upgrade their existing fuel dispensers with a PCI-approved payment solution, the company says. Purpose-built for use in tough outdoor conditions such as exposure to adverse weather and petroleum and diesel splashes, it is constructed from a rugged and durable polymer and can be retrofitted to existing dispensers from Wayne, Gilbarco, Bennett and Tokheim.  In addition, an optional built-in contactless reader will support all U.S. contactless payment schemes. For more information, visit www.securepumppay.com.

About VeriFone Holdings, Inc.

VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY--www.verifone.com) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets.  VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.