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February 12, 2010

Nationwide enhance cardholder security

by Richard Kilner

Story link: Nationwide enhance cardholder security

Nationwide Building Society has utilised the latest version of VeriFone’s PAYware Merchant software solution to enhance its cardholder data security, a major step in meeting Payment Card Industry Data Security Standard (PCI DSS) requirements.

Nationwide serves a customer base of 15 million people who access its products and services in person, online, over the telephone and through the post, channels which are all covered by the new security upgrade.

The software is capable of handling hundreds of transactions per second, and encrypts cardholder data to keep it safe.

The upgrade has also enhanced Nationwide’s capabilities, allowing it to expand into other business areas into the future.

Divisional Director Jeremy Wood has stated that the firm now meets the necessary requirements and its payment processing infrastructure is secure, giving customers piece of mind.

With the increasing importance of technology in banking and the increasing popularity of online and mobile banking services, software to ensure data security has never been more important.

Recently online customer protection company Trusteer reported that 73% of online banking customers reused their banking password on other, less secure websites, compromising their online banking accounts.

Online banking customers are strongly advised to use unique login details for their accounts, and usage of a virtual keyboard can prevent keystroke tracking.

 

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