Scrambling to enhance security in the wake of potentially the worst data breach ever, Heartland Payments Systems has embarked on a project to enable data encryption through the entire processing system, starting at the POS.
However, French electronic payment terminal developer Ingenico’s just-launched solution On-Guard suggests that the US payments processor may at least in part be reinventing the wheel.
Available on terminals sold by Ingenico in North America, On-Guard seemingly does what Heartland aims to do.
According to Ingenico, On-Guard secures the primary account number and personal information on a magnetic stripe card by encrypting selected information from point of entry (card swipe) to the merchants host and/or payments processor directly.
Once received at the merchant’s host, Ingenico supplies a decryption service so the merchant can utilise the data for their approval and settlement purposes with their transaction processor.
Crucially, On-Guard requires no change to a merchant’s transaction processor’s system.
“Ingenico has taken the lead in producing a solution that will cause the least amount of disruption to the merchants business as well as one that is based on industry recognised and supported standards,” said Ingenico North America senior vice-president, sales and marketing, Lisa Shipley.
In developing On-Guard Ingenico selected MagneSafe, a security solution supplied by US card and cheque processing equipment developer MagTek. Required software is downloaded into a transaction terminal without the need to swap the PIN pad for key injection.