SafeNet launches new encryption product

By
Follow google news

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

SafeNet launches new encryption product
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.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © SC Magazine, US edition
Tags:

Most Read Articles

National photo licence recognition system set to go live in 2025

National photo licence recognition system set to go live in 2025

Hackers using F5 devices to target US gov networks

Hackers using F5 devices to target US gov networks

Qantas says customer data released by cyber criminals

Qantas says customer data released by cyber criminals

Austrade to replace its data centre core network

Austrade to replace its data centre core network

Log In

  |  Forgot your password?