First Data, a provider of electronic commerce and payment processing services, has selected Hypercom as an encrypting service organization for remote key injection and made Hypercom's HyperSafe Remote Key System (HRKS) available through its TASQ Technology.
Both the companies have also teamed up to deploy First Data TransArmor solution as the payment industry’s attack on card data fraud.
HRKS is the industry’s standards-based remote key injection product that allows retailers to quickly and securely initiate on-site, in-store payment terminal key injection at the point of sale. Hypercom claimed that HRKS will offer a secured alternative to the industry’s traditional secure room key injection process.
First Data said that the TransArmor solution addresses the root cause of merchant data security issues by removing payment card data from the merchant environment as part of processing the transaction, reducing risk and the scope of PCI compliance efforts. It leverages the RSA SafeProxy architecture, a combination of asymmetric encryption, tokenization and key management engineered to provide the benefit of end-to-end protection and eliminate on-site cardholder data storage for merchants. Thus, enabling merchants to continue to handle key business functions such as returns, recurring billing, loyalty programs and other analysis, without enabling card data to be used for fraudulent transactions.
Hypercom’s HyperSafe products protect cardholder data during operation and maintenance, defend terminals from rogue applications and malware, protect the terminal management system from communicating with fraudulent terminals and provide remote key management system.
Philippe Tartavull, CEO and president at Hypercom, said: “We are making available the smartest array of security approaches providing choices for businesses of all types to fortify their defenses and protect cardholder data against current and future threats. The addition of the First Data TransArmor solution to our arsenal of crime-fighting technologies together with our HyperSafe suite of security products allows us to deliver the industry’s most comprehensive selection of security solutions.”
Ed Labry, president of retail and alliance services at First Data, said: “Implementing effective data security requires sophisticated and tailored technologies that make it easier for our merchant customers to do business. The time, convenience, cost and security benefits of Hypercom’s remote key injection system are clear, and the additional security offered by HyperSafe complements TransArmor’s objectives to deliver much needed security to our business partners and respective merchants globally.”