Voltage, Ingencio Partner on Data Encryption Platform
The platform leverages Format-Preserving Encryption (FPE) and Identity-Based Encryption (IBE) technologies used for simplified key management.Voltage Security, a provider of data-centric encryption and key management, and Ingenico, a provider of payment solutions, announced they have partnered to help simplify end-to-end payment data protection at the point of sale. The move aligns Voltage data protection technology with Ingenico Telium series devices to combat card fraud and reduce the PCI card data environment for retailers. End-to-end encryption-otherwise referenced by PCI Security Standards Council guidelines as "point-to-point encryption"-enables retailers to reduce PCI scope, vulnerabilities to data and the risk of data breach or compromise by eliminating existing security gaps. Voltage SecureData Payments offers end-to-end encryption for both card-present and card-not-present transactions for merchants of all sizes. The solution leverages Format-Preserving Encryption (FPE) and Identity-Based Encryption (IBE) technologies that are used for simplified key management. When used with the Telium series payment devices, which include countertop, multi-lane, pin pad and mobile, the combination provides a secure solution for point of sale for merchants. With an application update, Ingenico will also be able to offer SecureData Payments data protection solution to existing customers who have been using the Telium series devices in the field.
"Credit card data continues to be compromised in the United States," said Mark Bower, vice president of product management at Voltage. "Merchants of all sizes are vulnerable and can be impacted severely by card-related data breaches. But now, for the protection of all sensitive cardholder data used in payment transactions, merchants can deploy Ingenico's Telium devices through our partners' market leading processing platforms to dramatically reduce PCI scope and support a very safe, simple and cost-effective yet powerful solution for protecting card data."
"The Ingenico-Voltage partnership was an obvious choice," said Greg Boardman, senior vice president of products and development at Ingenico North America. "Voltage has gained significant adoption of its end-to-end data protection solution in the market, and remains a leading innovator. When you combine Voltage data protection technology with Ingenico's secure Telium products, the result is the pinnacle of point of sale security. Rising costs of PCI compliance and the ever present threat of data compromise create uncertainty for retailers who are faced with a dizzying array of choices. Ingenico and Voltage meet the challenge with innovative approaches to simplify implementation while strengthening the POS against attack."