Cloud Security Authors: Pat Romanski, Zakia Bouachraoui, Elizabeth White, Yeshim Deniz, Liz McMillan

Related Topics: Cloud Security

News Feed Item

Payment Processing, Inc. Unveils Comprehensive Point-2-Point Cardholder Data Security Program for Integrated Payment Processing

Strategic Program Provides Security Products and Services for Application Software Developers; Could Eliminate PCI Compliance Requirement

LAS VEGAS, NV -- (Marketwire) -- 07/14/09 -- RSPA RetailNOW -- Payment Processing, Inc. (PPI), the industry leader in integrated payments, today announced a comprehensive security program -- the PPI Point-2-Point (P2P) Cardholder Data Security Program. The program is designed to help application software developers enhance product security functionality and achieve Payment Card Industry (PCI) compliance at a fraction of the cost with the potential of removing the compliance requirement.

The PPI program is intended specifically for software developers and their customers, and provides them with:

--  An all-inclusive security solution that addresses the domain of the
    software application -- point-2-point (card data in transit between the
    application and the payment gateway).
--  Products that can be used to encrypt all types of credit card data
    prior to use by the software application.
--  The ability to differentiate their software applications by adding
    significant security functionality.
--  The opportunity to reduce PA-DSS compliance costs and, over time, to
    eliminate the need for compliance.
--  Developer assistance and a free SDK for implementing these products.

"The security needs for application software developers are unique and complex," states Chuck Riegel, PPI's executive vice president. "Our software partners are counting on us to help them navigate the security issues they face and provide them with robust, comprehensive solutions that maximize their limited development resources and reduce their cost of compliance."

The program is based on these foundational assumptions:

--  Leveraging strong encryption to secure credit card data at the point
    of swipe, the earliest part of the transaction, reduces the scope of PCI
    compliance for the software developers and merchants.
--  All types of credit card data must be secured, including credit swipe,
    hand keyed, debit, recurring and e-commerce.
--  If card data is encrypted and never in the clear, then the application
    is not storing, processing or transmitting card data and, therefore, is out-
    of-scope for PCI compliance.

The PPI Point-2-Point Card Holder Data Security Program encompasses a series of new product offerings available with the PPI PayMover Payment platform, complemented by an industry-first PCI Compliance Relief initiative to help application developers achieve PCI compliance at a fraction of the cost.

The PPI PayMover-based technologies include:

Data Encryption

MagneSafe(TM) technology, available through a partnership with MagTek (magtek.com), uses open standards encryption to encrypt credit card track data within the reader, ensuring the merchant's point-of-sale system never handles clear text cardholder data. The encrypted data is securely decrypted upon receipt at the PPI PayMover gateway. At no point in the transaction process is cardholder data transmitted in the clear.

Managed Payer Data

PPI will allow software developers to store tokens in place of card data needed for repeat business or recurring transactions.

Chris Mark, principle at Aegenis Group -- a leader in providing training, risk management and strategic consulting for the payment card industry -- believes programs like PPI's P2P security program are on track to deliver relief from the burden of PCI compliance. As he stated in a recent article: "If an organization is not handling cardholder data, as defined by the PCI DSS, the requirements don't apply," he says. "This is a watershed moment within the industry. For years, I (and a number of others) have been pushing tokenization technologies, end-to-end encryption, advanced authentication and other technologies that render data virtually useless. These are the technologies that will truly make a difference in the industry."

An essential partner in this endeavor is MagTek, Inc. of Seal Beach, CA. MagTek CEO Mimi Hart explains how the company's MagneSafe technology is so crucial to security efforts such as PPI's: "The evolution of cardholder security has been about making taller, more impenetrable walls. History has demonstrated that any system can be breached. No one technology on its own can stop data theft and card fraud, but by combining layers of security such as encryption, tokenization and ultimately card authentication, collectively, we can better secure credit card data and eliminate the redemption value of stolen and compromised credit card data. PPI's efforts with the Point-2-Point Cardholder Data Security Program provide a significant value proposition for their customers and places PPI in a leadership position among its competitors."

PPI's comprehensive solutions are developed and supported in-house, resulting in a unique 360-degree view of the entire payment transaction. Each solution includes the critical components defining successful integrated payment processing:

--  Free, feature-rich, fast and dependable technology
--  Seamless, secure transaction processing
--  Free developer kit and integration/certification services
--  PA DSS/PCI-DSS validation services for developers and customers
--  Dedicated account managers for developers and resellers
--  Aggressive revenue sharing and marketing programs
--  Free, unlimited 24/7/365 technical support from experts familiar with
    the solution

Software developers seeking more information about the PPI Point-2-Point Cardholder Data Security Program should visit: www.paypros.com/landing/ppisecurity.asp.

About Payment Processing, Inc.

Since 1995, PPI has been the industry leader in providing software developers with a full range of services for developing and promoting integrated payment solutions, including PPI-developed payment gateway technology, integration support, merchant support, marketing assistance and PA DSS/PCI-DSS security services. Today, PPI is the most successful company in the world focused on integrated payments, supporting nearly 1,200 partners and more than 33,000 merchants with efficient, cost-effective payment solutions. In 2008, PPI processed in excess of $5 billion in Visa® and MasterCard® payments. Learn more at www.paypros.com.


Garrett Geib
SkyRocket Group
[email protected]

Richard Livingston
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in development and launches of disruptive technologies to create new market opportunities as well as enhance enterprise product portfolios with emerging technologies. His most recent venture was Octoblu, a cross-protocol Internet of Things (IoT) mesh network platform, acquired by Citrix. Prior to co-founding Octoblu, Chris was founder of Nodester, an open-source Node.JS PaaS which was acquired by AppFog and ...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...