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|Voltage Security Opens End-to-End Encryption to POS Vendors|
|Posted: Thu Nov 12, 2009 01:43:00 PM|
Voltage Security, Inc. , the global leader in end-to-end data protection, today announced an industry-first, global zero-cost licensing program for integration of its end-to-end encryption solution, Voltage SecureData™ with point-of-sale (POS) devices. The Voltage SecureData Open License Program™ dramatically lowers the barriers to enable the easy integration of encryption with any POS device, electronic cash register (ECR), mobile device or eCommerce Payments platform, protecting credit card data from the point of entry into the payment flow.
Global POS solution provider, Hypercom (NYSE: HYC) also announced today its charter participation in the new open license program. (Please see related press release: Hypercom and Voltage Security Team to Defend Payment Card Data and Merchant Brand Reputation with End-to-End Security.)
“Our goal with this program is to provide the most rapid integration solution across the widest range of POS, ECR and mobile devices as well as eCommerce payment platforms, to support the widest range of merchants at zero-cost to developers,” said Sathvik Krishnamurthy, president and CEO of Voltage Security “By lowering the barrier to implementing Voltage end-to-end encryption, the entire industry will benefit from higher security standards.”
“By joining with Voltage in this new program, Hypercom strengthens its leadership role in providing the highest level of security in the payments industry. Our new solution based on Voltage technology, also announced today, can be quickly and easily implemented to sharply reduce data breaches and compliance costs," said TK Cheung, vice president, global quality and security, Hypercom Corporation.
“Using end-to-end encryption at point-of-sale ensures that cardholder data is fully-protected from the moment it enters the payment stream. As the recent PricewaterhouseCoopers survey on PCI DSS illustrated, the end-to-end encryption approach has the greatest potential to reduce audit scope for merchants,” said Scott Loftesness, founding partner at Glenbrook Partners, former Group Executive at Visa and First Data Corporation, “By licensing end-to-end encryption technology to POS and ECR manufacturers and eCommerce Payment platform providers, Voltage will ensure that the widest range of merchants will benefit directly with higher security and lower PCI audit costs,” continued Loftesness.
Program Features No Royalties, Support for Online Credit Cards and Mobile Devices
Benefits of the global Voltage SecureData Open License Program include the following:
* The industry’s most open licensing model: zero-cost licensing model for POS device manufacturers to distribute Voltage SecureData-enabled payment devices. No royalties will be levied for implementation or distribution through POS devices.
* The broadest applicability: The Voltage SecureData Payments POS SDK is device-agnostic and easily portable to any hardware or software platform, including PIN pads, integrated POS systems, electronic cash registers, mobile devices and “card-not-present” eCommerce environments. Additionally, the Payments POS SDK takes advantage of TRSMs when available.
* Easiest system to implement: The Voltage SecureData Payments POS SDK has proven ports available to the largest number of platforms, features a small footprint suitable for constrained devices including hand-held and mobile, and has a supported hosted service for device testing.
* Easiest system to manage: The Voltage SecureData Payments POS SDK seamlessly integrates with Voltage’s simplified, stateless, key management architecture. No key injection is required eliminating labor-intensive processes for key rotation.
* State-of-the-art key management: Voltage’s Identity-Based Key Encapsulation and Encryption Protocol (IBKEEP) simplifies the transmission of payment card data from POS devices to the merchant or payment processor.