#Germany #Aachen #Utimaco #IBM Cloud #Payment HSMaaS

Utimaco's Payment HSMaaS Available on IBM Cloud

Utimaco, a prominent global provider of cybersecurity solutions, has recently made a significant stride by launching its Payment HSM as-a-Service (Payment HSMaaS) on IBM Cloud for Financial Services. This move is geared at fortifying the security framework and facilitating compliance obligations for financial organizations and payment service providers around the world.

The Payment HSMaaS offering is a fully cloud-based solution that is PCI-compliant, presenting a formidable alternative to the traditional on-premises Payment HSM systems utilized within financial institutions’ data centers. This innovative approach not only alleviates the financial burden associated with hardware investments, but also mitigates the demands of maintaining secure facilities and necessary management resources. As a result, organizations can lessen the complexities involved in PCI compliance, audits, and overall system support.

By harnessing the combined forces of IBM's extensive experience in the financial sector and Utimaco's advanced Payment HSMaaS technology, banks are now positioned to enhance their payments services significantly. For instance, Paymentwall, a global payment solutions provider, is utilizing Utimaco’s Payment HSMaaS on the IBM Cloud to boost transaction security and meet its rigorous regulatory compliance needs.

CEO of Utimaco, Stefan Auerbach, expressed enthusiasm regarding this development, stating, “Our Payment HSM as-a-Service now available on IBM Cloud underscores our dedication to delivering state-of-the-art security solutions tailored for the financial industry. By incorporating our solution into IBM Cloud, we equip financial institutions with a deployable, scalable, and advanced payment security infrastructure.”

The IBM Cloud for Financial Services initiative, first unveiled in 2019, is centered on propelling digital transformation within the financial sector with paramount emphasis on security. The platform works to diminish risks throughout the supply chain by enhancing safety, performance, and resilience to meet regulatory compliance requirements.

Prakash Pattni, MD of Financial Services Digital Transformation at IBM Cloud, also commented on this integration, noting, “As the payments landscape continually evolves, financial institutions must adopt technological solutions that maintain their competitive edge while securing regulatory compliance.” He further highlighted IBM’s legacy of innovation within the payments sector, reiterating how Utimaco’s addition complements their commitment to fulfilling the specific needs of financial clients.

Utimaco’s Payment HSMaaS capabilities are seamlessly integrated with Paymentwall’s existing infrastructure grounded in IBM Cloud, thereby facilitating secure cashless payment processes and a broad spectrum of payment services globally.

Volodymyr Kovalyov, Chief Architect at Paymentwall, pronounces the importance of security in the online payment landscape, stating, “Utimaco's Payment HSM as-a-Service on IBM Cloud has prepared our infrastructure for new product deployment, including essential protection measures and compliance controls.” He further lauded the collaborative efforts of both Utimaco and IBM, noting their unwavering support throughout this journey, which aligns with Paymentwall's commitment to delivering unbroken and secure transactions to a global audience.

Organizations eager to learn more about Utimaco's innovative Payment HSMaaS services can explore the listing in the IBM Cloud Catalogue or visit the official IBM Cloud for Financial Services page.

About Utimaco

Founded with headquarters in Aachen, Germany, and Campbell, California, Utimaco stands as a leading provider of trusted cybersecurity and compliance services. The company specializes in developing hardware security modules and comprehensive data protection solutions targeted at regulated critical infrastructures. With a workforce of over 500 professionals, Utimaco is dedicated to securing data and communication networks across various industries, thereby fostering trust among its global clientele.

About Paymentwall

Paymentwall offers a global payment platform, facilitating businesses with extensive payment solutions across more than 200 countries. Their robust infrastructure ensures secure and seamless transaction processing, empowering merchants to conduct business in a worldwide context.