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Thales Partners with Prime Factors to Enhance Banking Card Security Systems

Thales Partners with Prime Factors for Banking Card Security

In a groundbreaking announcement, Thales is set to enhance banking card security solutions by partnering with Prime Factors to offer the Bank Card Security System (BCSS) through its extensive global distribution networks. This collaboration aims to streamline the development of secure payment applications, thus accelerating deployment for businesses.

“With the demand for secure payments escalating, we’re thrilled to provide our customers with tools that simplify and expedite security implementations,” explained Todd Moore, Vice President of Data Security Products at Thales. The BCSS is a powerful software solution designed to assist developers in effortlessly configuring payment security in customized applications.

Features of the BCSS

The BCSS comes with ready-to-use security features tailored to help developers create secure payment applications swiftly. Some notable features include:

- Robust Key Management and Secure Storage: Ensuring sensitive payment keys are securely managed and stored.
- Granular Access Controls Based on Roles: Implementing detailed permission settings to enhance security levels.
- Audit Recording and Reporting Functions: Allowing for easy tracking of security measures and compliance.
- High-Level APIs and Predefined Workflows: Designed for rapid integration with Thales' payShield HSM.
- Built-in Load Balancing: Facilitating deployments across cloud, on-premise, and hybrid environments.

James Torjussen, the Product Manager for payShield at Thales, remarked on the significance of BCSS in managing cloud migrations. “When we launched our cloud-based HSM payment service, it quickly became apparent that the BCSS was a game-changing differentiator,” he stated. The combination of the BCSS's capabilities, such as load balancing and flexible deployment options, helps clients migrate to the cloud smoothly without complex application redevelopment.

Addressing Modern Business Needs

As businesses continue to evolve, the need for robust, secure payment infrastructures becomes paramount. “The BCSS has stood the test of time, successfully passing security audits over decades, making it the ideal solution for enterprises developing their own payment applications,” expressed Jose Diaz, Vice President of Products and Services at Prime Factors and a former strategy lead for payments at Thales. He emphasized that utilizing the BCSS enables companies to generate revenue more efficiently while minimizing risks and implementation costs over time.

This partnership between Thales and Prime Factors builds on over 30 years of collaborative efforts in the security industry, providing necessary infrastructure support for partners distributing payment security solutions. As payment security becomes increasingly complex, such collaborations pave the way for innovative and effective solutions tailored to meet the challenges of today’s financial landscape.

For more information on the technical specifications of the solution, interested parties can refer to the official website or delve into the detailed documentation available online.