Thales Partners with Prime Factors to Enhance Bank Card Security Systems

In a significant move aimed at strengthening the security of digital payments, Thales has announced its partnership with Prime Factors to offer the Bank Card Security System (BCSS) through its global distribution networks. This innovative software solution provides a streamlined approach to securing payment applications, a crucial need in today's fast-paced payment landscape.

Aiming for Enhanced Security in Payment Applications
Todd Moore, Vice President of Data Security Products at Thales, emphasized the company’s commitment to equipping clients with tools that allow for the rapid and simple implementation of payment security systems. The BCSS not only provides an effective security infrastructure for payment applications but also integrates seamlessly with Thales' payShield HSM, creating a comprehensive security ecosystem for processing sensitive payment information.

The primary features of BCSS include reliable key management for payments, secure storage, role-based access control, audit logging, reporting functionalities, and high-level APIs for quick integration of the PayShield HSM. These capabilities enable developers to create secure payment applications in significantly reduced timeframes.

Ease of Integration and Deployment
James Torjussen, Product Manager for payShield at Thales, noted that the cloud payment service, HSM, has played a pivotal role in the successful implementation of BCSS. The load balancing features and deployment flexibility of BCSS allow clients to manage their transition to the cloud effectively. This capability enables a smooth migration of resources and functions at a pace that suits their business needs, eliminating the complexities often associated with application redevelopment.

BCSS: Proven Security Infrastructure
The BCSS is designed with security auditors in mind, having passed security audits consistently for over a decade. This makes it an ideal solution for companies that develop and maintain their own payment applications. According to Jose Diaz, Vice President of Products and Services at Prime Factors, BCSS not only accelerates revenue generation for companies but also mitigates risks and reduces implementation costs along with the overall total cost of ownership.

This collaboration marks over 30 years of continuous partnership between Thales and Prime Factors, focused on simplifying payment security infrastructures for businesses. As both companies continue to innovate and advance their technologies, they remain committed to ensuring that their clients can efficiently and securely manage their payment solutions.

To know more about the technical specifications of this solution, or to discover how Thales and Prime Factors can help your business, visiting their website is highly encouraged to explore a wealth of resources designed for prospective clients.

In conclusion, through this strategic alliance, Thales and Prime Factors are setting new standards in payment security solutions, paving the way for more secure financial transactions in an increasingly digital world.