Hypercom and Voltage Security Team to Defend Payment Card Data and Merchant Brand Reputation with End-to-End Security
Hypercom Joins Voltage SecureData Open License Program
SCOTTSDALE, Ariz., and PALO ALTO, Calif. – Hypercom Corporation (NYSE: HYC) and Voltage Security, the global leader in end-to-end data protection, today announced that Hypercom, a charter member of the Voltage SecureData Open License Program, will develop an end-to-end encryption point-of-sale (POS) solution that protects cardholder data at the point of card usage and through the payment flow to payment processor or card issuer hand-off. The new Hypercom offering, with Voltage SecureData™, will provide merchants with an end-to-end data protection solution for data in transit and data at rest that significantly reduces Payment Card Industry Data Security Standard (PCI DSS) audit scope and meets or exceeds the recently published Visa Best Practices for Data Field Encryption.
The new Voltage SecureData Open License Program is a zero-cost licensing approach designed to dramatically lower the barrier to implementing end-to-end encryption on point-of-sale (POS) devices, Electronic Cash Registers (ECRs) and eCommerce Payment platforms.
“This new offering delivers effective and affordable data protection that is quickly and easily implemented to sharply reduce data breaches and compliance costs. We selected Voltage as our preferred partner because of their momentum in signing new merchants and payment processors. The ability to quickly deploy this end-to-end data protection solution to our customers will fortify our leadership in payment security,” said TK Cheung, Vice President, Global Quality and Security, Hypercom Corporation.
“Hypercom is widely recognized as a global payment technology innovator and is committed to raising the data security standards within the electronic payments industry,” said Mark Bower, Vice President of Product Management for Voltage Security. “By selecting Voltage, Hypercom will be delivering complete end-to-end security across the widest variety of merchant and processor enterprises.”
With Hypercom’s offering, payment card primary account numbers (PANs) and other sensitive data are encrypted at the merchant’s payment device. This protection continues through payment processor or card issuer hand-off.
Powered by Voltage’s breakthrough Format-Preserving Encryption and Voltage Identity-Based Encryption™ technologies, Hypercom’s offering will dramatically simplify the deployment and administration of encryption and key management.
Hypercom’s offering will be implemented across Hypercom’s product line, offering the following advantages to merchants:
• Cardholder data is encrypted immediately at point of capture and remains protected end-to-end.
• Key management is simplified – no need to inject keys into devices or manually rotate encryption keys.
• End-to-End Encryption can be applied across the widest range of form factors.
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