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May 6, 2015

PCI validates CardConnect’s payment card security solution

Payment Card Industry Security Standards Council (PCI Council) has validated the patented CardSecure P2PE solution, designed by CardConnect, a payment processing and technology solutions provider, as a solution and application for point-to-point encryption (P2PE).

By Verdict Staff

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  • ESG
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  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
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  • Regulations
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by GlobalData
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Payment Card Industry Security Standards Council (PCI Council) has validated the patented CardSecure P2PE solution, designed by CardConnect, a payment processing and technology solutions provider, as a solution and application for point-to-point encryption (P2PE).

The CardSecure P2PE solution will now provide businesses with payment security while reducing the scope of PCI DSS compliance requirements.

The solution, which is applied to both retail (card-present) and call centre (card-not-present) transactions, will fully eliminate clear-text cardholder data from a merchant’s processing environment.

CardConnect president and CEO Jeff Shanahan said: "As a payments company, our goal is simple: raise the bar for securing payments. Receiving validation from the PCI Council for CardSecure, our Point-to-Point Encryption solution, is a testament to that.

"Widespread adoption of Point-to-Point Encryption is the necessary step in stopping malicious hackers in their tracks."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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