SafeNet launches new encryption product

Powered by SC Magazine
 

SafeNet has launched a hardware security module product that encrypts online transaction and card-holder data.

The ProtectHost Electronic Funds Transfer (PH EFT) device is designed for the movement of electronic retail funds and payment system processing such as online banking transactions and applications for credit and debit cards.

According to SafeNet, the device encrypts data such as passwords and PIN numbers at the company browser and decrypts it at the host to secure the process.

PH EFT includes a system that allows users to print automatic asynchronous transfer mode keys without compromising the financial data, SafeNet claimed.

The product is compatible with Europay, MasterCard and Visa and is aimed at payment processors, card-issuing companies, online merchants and electronic payment-solution providers.

PH EFT will be available from 15 October. Pricing was unavailable at the time of going to press.

Copyright © SC Magazine, US edition


SafeNet launches new encryption product
 
 
 
Top Stories
ANZ looks to life beyond the transaction
If digital disruptors think an online payments startup could rock the big four, they’ve missed the point of why people use banks, says Patrick Maes.
 
IBM, NEC picked for major NSW Transport deals
Final contract negotiations begin.
 
Uncapped fees to drive digital agenda at universities
University CIOs look to provide the 'wow' factor.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  29%
 
Application integration concerns
  3%
 
Security and compliance concerns
  27%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  22%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 1022

Vote