TranSend, an infrastructure provider to the payments industry, is pleased to announce that its RevChip EMV software supports the format-preserving encryption of HPE Security, formerly known as Voltage Security.
HPE Security, a unit of Hewlitt Packard Enterprise, provides advanced encryption, tokenization, and key management that secure sensitive data. The company’s solutions have been installed across enterprise applications, payment ecosystems, and Big Data platforms. With over 80 patents and 50 years of expertise, HPE Security protects the world’s largest brands and neutralizes breach impacts by securing sensitive data, whether it is at rest, in use, or in motion.
HPE’s SecureData Payments solution has been widely adopted by acquiring processors as an economical point-to-point encryption solution.
“P2PE solutions”, as they are generally known, use a hardware-to-hardware process for the encryption and decryption of data, along with terminal devices having special SRED (Secure Reading and Exchange of Data) capabilities. Some banks, processors and merchants possess the in-house expertise needed to construct and operate their own P2PE solutions. Others select from a listing of pre-certified “Validated P2PE Solutions”, which are generally more expensive.
In a P2PE implementation, the EMV payment application combines the SRED capabilities of a payment device with sophisticated algorithms of the encryption provider to formulate cyphertext messages that are securely transmitted to acquirer hosts where they are decoded.
RevChip is unique among EMV payment applications because of its fast transaction times. Its advanced software architecture leverages the new Quick Chip processing standards to produce and send encrypted transactions at high speed. RevChip’s sub-three second transaction time is among the fastest in the world.
EMV need not be a huge expense or a technology hassle. Merchants should be able to preserve their current POS marketing programs and implement chip cards and Apple Pay in just a few days. If you agree, check out RevChip. EMV need not be a huge expense or a technology hassle. Merchants should be able to preserve their current POS marketing programs and implement chip cards and Apple Pay in just a few days. If you agree, check out RevChip.