ACI Worldwide selected by Ecentric Payment Systems to protect cardholder data

Monday 9 June 2014 07:07 CET | News

ACI Worldwide, an international provider of electronic payment and banking systems, has started to provide its Point-to-Point Encryption (P2PE) solution to Ecentric Payment Systems, a South Africa-based payments processor, to enable a secure path for consumer transactions initiated at many of the largest retailers in Africa.

P2PE is an emerging encryption technique in the payments industry that protects sensitive cardholder data in transit, as it is transmitted from a merchant’s store to its acquiring bank.

ACI Worldwide powers electronic payments and banking for more than 5,000 financial institutions, retailers, billers and processors around the world. ACI software processes USD 13 trillion in payments and securities transactions for more than 250 of the global retailers.

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Keywords: ACI Worldwide, Ecentric Payment Systems, cardholder data, web fraud, security, Africa
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime