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."
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By GlobalData