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Thales and Prime Factors: A New Era in Payment Security

In a significant move to bolster payment security, Thales has announced its partnership with Prime Factors, a leader in secure payment technology. This collaboration aims to deliver Prime Factors' Bank Card Security System through Thales' extensive global distribution networks. The initiative marks a pivotal step in the integration of advanced security measures for payment applications, crucial for businesses looking to navigate the complex landscape of digital transactions.

Todd Moore, the Vice President of Data Security Products at Thales, emphasized the importance of providing customers with the right tools to streamline payment security. The Bank Card Security System, designed as a software solution, simplifies the orchestration of security protocols within bespoke payment applications. This not only accelerates the development of secure applications but also enhances compliance with industry regulations. The system promises to significantly reduce the time and complexity involved in achieving a secure payment environment.

Key Features of the Bank Card Security System

The system offers a range of user-friendly features tailored for developers. Key attributes include:

• - Robust Key Management: Ensures a secure repository for payment keys, safeguarding sensitive data from unauthorized access.
• - Granular Access Control: Implementing role-based access management allows for precise control over user permissions, enhancing security further.
• - Logging and Audit Capabilities: Flexible logging functions are integrated to facilitate thorough audits and compliance checks.
• - High-Level API Integration: Taking integration a step further, the system provides pre-configured workflows that make connecting to Thales’ payShield hardware security modules (HSMs) seamless.
• - Load Balancing Flexibility: The ability to distribute load across cloud and hybrid environments ensures scalability and reliability in payment processing.

James Torjussen, the product manager responsible for the payShield service at Thales, asserts that the Bank Card Security System stands out as a critical differentiator for their cloud service offerings. As businesses continue their cloud migration, this system allows them to transfer capabilities and specific functionalities smoothly, adapting to changing business needs without necessitating extensive application redesigns.

According to Jose Diaz, Vice President of Products and Services at Prime Factors, the Bank Card Security System is thoroughly vetted by security auditors and represents an optimal solution for enterprises that are developing and managing their payment applications. The system not only facilitates quicker revenue realization but also mitigates risks and reduces overall implementation costs over time.

The collaboration between Thales and Prime Factors is natural, reflecting over 30 years of partnership in advancing security technologies. This shared commitment to improving payment security infrastructure underscores their dedication to providing businesses with what they need to thrive in a rapidly evolving digital ecosystem.

For those interested in diving deeper into the technical specifications of the Bank Card Security System, detailed information is available on Thales’ website. Companies looking to enhance their payment security capabilities will find this partnership a compelling option to explore further.