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Gemalto Unveils Payment Hardware Security Module, Allows Financial Service Providers to simplify Cryptographic Operations

Gemalto’s New SafeNet Luna EFT Payment HSM partitioning capability allows firms to secure a wide range of payment and transaction applications with a single Hardware Security Module

Gemalto

Gemalto launches of the industry’s first payment hardware security module (HSM) to include partitioning as an advanced security feature. This new capability allows financial services organizations to simplify cryptographic operations by using a single HSM to support dozens of security applications and protect sensitive payment information and transactions.

“While the cloud brings endless opportunities for faster convenient banking and payments, the challenge remains around security,” said Rob Westervelt, Analyst at IDC. “It’s especially important with the rise of mobile payments and cloud-enablement technology like host-card emulation (HCE) to implement a strong data security strategy with end-to-end encryption. Hardware Security Modules underlying security brings trust to these new types of transactions and payments.”

“Gemalto has a long history of enabling and securing payments from credit cards to mobile devices and our SafeNet HSM has a proven track record of protecting over $1 trillion transactions worldwide every day,” said Todd Moore, Senior Vice President for Encryption Products at Gemalto. “By adding partitioning to the SafeNet Payment HSM, we are enabling our customers to reduce hardware, improve cloud usability, and decrease transaction processing times all while maintaining the same level of security required by the financial industry.”

With Gemalto’s SafeNet Luna EFT Payment HSM, one of the most scalable encryption solutions on the market, Gemalto’s SafeNet Luna EFT Payment HSM helps banks:

-Reduce PCI-DSS compliance scope by using end-to-end encryption of payment data, stored online, captured at the point-of-sale, or traveling to and from the financial institution’s back end
– Manage large volumes of cryptographic security functions simultaneously to secure the growing number of online, peer-to-peer and mobile payment transactions
– Take advantage of Host Card Emulation (HCE) based contact less payments by securing the enrollment, provisioning, and tokenization process of payment card credentials and operations
– Access and integrate with a wider range of point of sale (POS) terminals through Gemalto’s extensive partner network
– Scale transactional processing for faster authorization speeds in the cloud and credit, debit, e-wallet and chip cards while meeting FIPS 140-2 Level 3 and PCI-HSM 2.0 standard

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Vikas Kumar

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