During the National Consumer Protection Week (Sun Mar 6th, 2022 – Sat Mar 12th, 2022), we had a chance to clearly see that the top complaints that people make when it comes to their consumer protection rights are facing with fake debt collections, imposter scammers, identity theft, and telephone/mobile services.
On the other side, The financial organisations have to be more proactive in their cybersecurity strategies. New legislation such as GDPR and Open Banking is forcing banks into a more transparent environment. That, of course, comes with risks. Continuing high-profile hacks plague financial organisations, setting about the motion to change security measures.
One thing that everyone agrees on is that security will remain crucial if the industry wants to stay afloat.
This situation goes to the higher level as financial institutions move some or all their payment applications to the cloud. This entails a migration from the legacy on-premises applications and hardware security modules (HSM) to a cloud-based infrastructure that is not generally under their direct control.
With cloud-native organizations, the adoption of cloud-first without any on-premises presence is their fundamental business model. End-users of a cloud-based payment infrastructure expect reduced IT complexity, streamlined security compliance, and flexibility to scale their solution seamlessly as their business grows.
payShield 10K
Playing a fundamental security role for both face-to-face and digital remote payments, it delivers the necessary trust that underpins the communications between payments participants.
Common use cases are:
- Payment credential issuing – cards, mobile secure elements, wearables, connected devices and host card emulation (HCE) applications
- PIN routing
- Point to point encryption (P2PE)
- Security tokenization (for PCI DSS compliance)
- EMV payment tokenisation
- Card and mobile payment authorization
- POS, mPOS and SPoC key management
- PIN and EMV cryptogram validation
- Remote key loading
payShield 10K can be securely configured, managed and monitored remotely from locations of convenience to simplify ongoing operations. This hardware security module delivers a suite of payment security functionality proven in critical environments including transaction processing, sensitive data protection, payment credential issuing, mobile card acceptance and payment tokenization.
We can secure your payments with payShield 10K. Contact us for more information!
