Hypercom Corporation Annual Report - CiteSeer

iX.
hyperCom Corporation
End-to-End
Payment Solutions
hyperCom StepS up end-to-end payment data proteCtion
In October 2009, we announced that the Company was
bringing its Asia-Pacific-based EFTSec Server payment
data encryption technology to North America, Latin America
and Europe, teaming with Voltage Security, Inc. to deliver
highly innovative and scalable cryptographic technology, and
forming a global data protection business unit to address
customer-specific security threats with five key approaches to
data security.
End-to-End Payment Data Protection:
Hypercom believes end-to-end payment data protection
encompasses protecting data throughout its lifecycle—not
only encrypting it when in transit but also when at rest in
a merchant or payment processing enterprise environment.
Hypercom also believes that the scope of payment data
protection includes the use of strong security technology
throughout the design, deployment, operation and maintenance
of payment terminals and their applications including the
loading and storage of debit keys that reside on those devices.
• Line Encryption for Data in Transit:
Line encryption encrypts cardholder data during transaction
processing, starting at the payment terminal and ending
at a trusted point where the data is decrypted. That trusted
point can be within a large merchant or payment service
provider environment. Hypercom was the first electronic
payment solutions provider to initiate card data encryption
with its EFTSec technology introduced in 2006. Developed
to combat attacks then prevalent in several Asian
countries, EFTSec is now the defacto industry standard for
payment terminal initiated link encryption in Asia. EFTSec
is already in use by seven major banks with combined assets
of more than US$178 billion, and licensed to and
implemented by several major terminal manufacturers.
Unlike recently introduced competing solutions that require
customers to purchase custom equipment or utilize third
party decryption services, EFTSec leverages existing
network infrastructure.