Stanchion, Futurex, Credics team up to secure payments environments in Israel

Monday 17 February 2020 10:55 CET | News

Stanchion, Futurex and Credics have invested in the development of a fully compatible and compliant hardware security module (HSM) solution to support financial institutions in Israel managing data encryption for their operations, including those that are migrating from the ARX HSMs to modern platforms.

Following the announcement that ARX is ending support and maintenance for its product line as it exits the HSM market, riskless migration from ARX HSMs to the Futurex modern platform will now be available. Stanchion, a global payments solution provider and integrator with a growing base of clients in the Israeli banking sector, and Credics, an Israel-based payments technology company, will deliver skills and services to institutions that aim to implement or  migrate to a modern, advanced payment security platform based on Futurex encryption technology. 

In order to make this work for the local market, to provide local invoicing and local support resources, Stanchion is forming a local legal entity in Israel called Future Payment Solutions.    

Futurex is a global provider of cryptographic technology and solutions for payment processing, card, and mobile issuance, and a fintech solutions. The company offers a portfolio of HSM solutions that comply with all PCI and FIPS security standards.

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Keywords: Stanchion, Futurex, Credics, Israel, payments security, hardware security module, financial data, encryption, payment security platform
Categories: Fraud & Financial Crime
Countries: Israel
This article is part of category

Fraud & Financial Crime