HP expands support for cloud-based payment platforms

Thursday 13 November 2014 00:32 CET | News

HP has expanded its support for new cloud-based payment platforms with its HP Atalla Network Security Processor (NSP).

The company also extended support for Europay, MasterCard, Visa (EMV) issuance, to boost HP Atallas existing support for EMV tokenization and card encryption.

According to the Security & Compliance Trends in Innovative Electronic Payments Report conducted by the Ponemon Institute, payments with a mobile device or phone number are the most popular electronic payment method, with 75% of respondents saying their organizations have plans to support payments with a mobile device or phone number.

Findings also indicate that 66% of respondents reported the authentication of users to be a key challenge in implementing new payment methods. To address this, organizations can look to technologies such as cryptography, key management, hardware security models (HSMs) and interoperability.

HP is a US-based multinational information technology corporation which provides processing solutions and payment technology to several banks and telcos in the Americas, Europe and Asia.

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Keywords: HP, cloud-based, payment platforms, Europay, MasterCard, Visa, EMV, Atalla Network, online payments
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce