SC 5000

VERIFONE

With the introduction of its SC 5000 terminal, VeriFone offers both EMV support and Triple DES (3DES) encryption standards, the latest in secure payments technology. The SC 5000 terminal is a programmable PIN pad smart card device that adheres to 3DES technology with support for electronic benefits transfer, PIN-based, stored-value and EMV smart card transactions.

EMV (Europay/Master-Card/Visa) is a global standard for the design, security and functionality of smart card terminals and applications. The payments industry is promoting EMV smart card technology as a secure solution for storing and transferring account data, which is often vulnerable to card skimming in its present magnetic stripe form.

3DES is a standard algorithm that encrypts input data three times. Single DES, which is still being used in many payment devices, is now considered vulnerable to hacking because of the advancement in technology.

The 3DES encryption procedure is exactly the same as single DES, but since it is repeated three times, it becomes even harder to crack an encrypted message, thereby raising the level of fraud protection for PIN-based debit transactions initiated at ATMs and POS terminals.

VeriFone has been promoting the adoption of 3DES technology. As part of a joint effort with several other industry leaders, VeriFone recently participated in writing a specification that encourages and outlines an industry-wide standard for implementing 3DES ("Payment Industry Leaders Urge Adoption of Encryption Standard," Green Sheet, Sept. 9, 2002, issue 02:09:01).

The SC 5000 terminal was designed to fit into the palm of a hand and has large keys that help minimize user-input errors. Its display is capable of handling a variety of images, including merchant logos and graphics-based character sets, and a backlit display is optional.

The terminal's integrated smart card reader offers support for 0, 2 or 4 Security Access Module (SAM) slots that allow various smart-card based loyalty and electronic purse schemes.

The SC 5000, which has received EMV level 1 and level 2-type approval, also has a 32-bit microprocessor. With its simple migration path, installed terminals and electronic cash registers can be upgraded to support smart card technology.

The SC 5000 also has an optional built-in magnetic stripe card reader.

VeriFone, Inc.

2455 Augustine Drive

Santa Clara, CA 95054

1-800-VeriFone

www.verifone.com