The Industry Standard - Nov 17, 2009Heartland Payment Systems, Inc. (HPY)
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Avivah Litan
at
Gartner Research. "Many of us in the payment industry were curious to see how
Heartland's end to end encryption would work," Bokor said. Considering how the effort was touted as the "next big thing in the industry, it is a little disheartening to see that there can't be more cooperation," between
Heartland and VeriFone, Bokor said. . The dispute highlights the need for payment processors and vendors of PoS systems to work together to implement any kind of end to end encryption, he said.
. Avivah Litan, an analyst with market research firm Gartner Inc., said the lawsuits will only serve to further confuse merchants about end to end encryption efforts. . Many merchants are hesitant to implement the technology because it offers them no immediate benefit from a compliance standpoint, Litan said.
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. "Many of us in the payment industry were curious to see how <span class="company">Heartland</span>'s end to end encryption would work," Bokor said. Considering how the effort was touted as the "next big thing in the industry, it is a little disheartening to see that there can't be more cooperation," between <span class="company">Heartland</span> and VeriFone, Bokor said. . The dispute highlights the need for payment processors and vendors of PoS systems to work together to implement any kind of end to end encryption, he said. <span class="sent"> . <span class="analyst">Avivah Litan</span>, an analyst with market research firm Gartner Inc., said the lawsuits will only serve to further confuse merchants about end to end encryption efforts. </span> . Many merchants are hesitant to implement the technology because it offers them no immediate benefit from a compliance standpoint, Litan said.
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