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Hypercom launches EFTSec 2.0 Point-to-Point encryption service in the US

Thursday 26 August 2010 11:04 CET | News

US-based payment technology company Hypercom has made available its HyperSafe Secure EFTSec Server 2.0 point-to-point (PPP) payment data encryption system for processors and ISOs that support merchants using Optimum T4200 countertop and M4200 mobile payment terminals in the US.

EFTSec 2.0 incorporates Hypercom’s HyperSafe Remote Key System (HRKS). With HRKS, EFTSec 2.0 system can be remotely activated on the entire installed base of Optimum 4200 terminals, eliminating the need to physically remove installed terminals, ship them to off-site secure rooms for key injection, and then carry them back to the merchant for reinstallation. EFTSec technology represents the industry standard for payment terminal-initiated link encryption in Asia and is the largest operational encryption implementation worldwide.

Recently, Hypercom has signed an agreement with financial services provider Banco Nacional de Costa Rica (BNCR), authorizing the deployment of more than 13,000 Hypercom Optimum countertop and mobile payment terminals for the latter’s merchant customers.

Hypercom’s HyperSafe suite of security products defends terminals from rogue applications and malware, protects the terminal management system from communicating with fraudulent terminals and provides a remote management system.
 


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Keywords: Hypercom, HyperSafe Secure EFTSec Server 2.0, Optimum T4200, M4200
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce