Payment processing firm Heartland Payment Systems has launched a new credit/debit card data security solution, Heartland Secure, to offer merchants with the highest level of protection available against card-present data fraud.
The new solution featuring breach warranty combines three technologies – EMV electronic chip card technology, Heartland’s E3 end-to-end encryption technology, and Tokenization technology.
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The launch of new solution is said to be on the back of a cautionary report from the Federal Bureau of Investigation (FBI) to retail companies to prepare for more cyber-attacks after the agency discovered up to 20 hacking cases involving the same type of malicious software used against Target in December 2013.
Heartland Payment Systems chairman and CEO Robert Carr said that the security breaches against large retailers like Target and Neiman-Marcus get most of the publicity, but there were more than 679 data security incidents reported in the retail and accommodation merchant sectors in 2013, with 285 of them involving confirmed data losses.
"Unfortunately, the real breach numbers may be much higher, and the FBI believes we can expect more credit card breaches in the US. We designed Heartland Secure as a security solution for customers using POS and other card-present processing methods," added Carr.
Heartland Secure is designed to provide point-of-sale (POS) intrusions, crimeware, miscellaneous errors, insider misuse and other common sources of card-present data fraud by eliminating the opportunity for criminals to monetize card data.
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By GlobalData
