|Payment hardware security boosted by encryption, tokenization|
Ingenico’s retail payment devices will incorporate the First Data TransArmor solution, increasing payment security through data encryption and tokenization technologies across the Ingenico Telium range of products. The new Telium line features payment acceptance for EMV, NFC, and magnetic stripe cards in a highly secure platform.
Ingenico is already working with First Data retailers, emphasizing card data security, reduction of the cardholder data environment, and the advantages of decrypting at First Data as cornerstones of the program. Beginning with Telium retail devices, the TransArmor solution will be available to merchants in every Telium form factor in 2012, including customer-facing, countertop and mobile payment devices.
With the TransArmor solution, payment card data is more secure from the moment it enters the merchant environment throughout the entire transaction with encryption. After the payment is authorized, sensitive payment card data is replaced with a nonsensitive, random token number that preserves the value of card data for merchant business operations and marketing purposes but removes all cardholder or transaction information that criminals may find useful.
As a result, merchants are able to better secure their environment and significantly reduce the scope and costs associated with Payment Card Industry compliance. Additionally, the TransArmor solution meets the PCI Security Standards Council guidelines for encryption and tokenization, and First Data agrees with their assessment that EMV adds an additional layer of security to those solutions. The Ingenico Telium range of payment devices offers the latest in PCI PTS hardware security, and each device is armed for EMV acceptance including options for NFC and EMV contactless payments.
[This article was posted on April 17, 2012, on the website of ABA Banking Journal, www.ababj.com.]
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