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First Data developing card security at POS
ATLANTA and BEDFORD, Mass. (9/24/09)--First Data, a provider of electronic commerce and payment processing services, and RSA, the Security Division of EMC have partnered to provide a new service--First Data Secure Transaction Management (SM). With SM, merchants can secure payment card data and remove the data from their environment while allowing access when needed. SM is designed to reduce the cost and complexity of complying with the Payment Card Industry Data Security Standard (PCI DSS), the companies said in a release. Payment card data is encrypted when it is captured by the merchant's existing point-of-sale application and remains encrypted until it is delivered to First Data. The card number is replaced by a “token” value that cannot be linked back to the original card data, but otherwise behaves like a card number. “The increasing need for data protection and the growing complexity of PCI DSS compliance are driving merchants to evolve their business strategies for securing customers’ sensitive information,” said Robert Vamosi, security/risk and fraud analyst for Javelin Strategy & Research. “Organizations that can employ a layered approach to data security, one that capitalizes on the inherent advantages of encryption, tokenization and other technologies, will be well-positioned to protect card data and reduce the scope of PCI compliance.” “To comply with the PCI DSS and reduce risk, organizations need security controls built into their infrastructure, and not bolted on,” said Art Coviello, executive vice president, EMC Corp. and president, RSA. “Rather than addressing security risks by deploying disparate point controls throughout their infrastructure, First Data Secure Transaction Management provides organizations with a simplified and scalable solution that helps radically reduce management complexity and costs.”


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