#USA #Eugene #Prime Factors #Thales #Bank Card Security

Thales and Prime Factors Partner to Enhance Payment Security

In a significant advancement for payment security, Thales has joined forces with Prime Factors to launch the Bank Card Security System (BCSS). This collaboration aims to streamline the development of secure payment applications, empowering businesses to enhance their transaction safety more efficiently than ever.

What is BCSS?

The Bank Card Security System, or BCSS, is a cutting-edge software solution designed to simplify the orchestration of payment security. It allows businesses to create customized payment applications equipped with robust security features in less time. As Todd Moore, Vice President of Data Security Products at Thales, explains, “We are excited to provide our customers with tools to implement payment security quickly and easily.”

Key Features of BCSS

The BCSS comes equipped with a variety of features that enhance security, including:

• - Comprehensive Key Management: BCSS provides a robust framework for payment key management and secure storage, ensuring sensitive data is protected.
• - Granular Access Control: The system allows for precise role-based access control and enforcement of permissions, minimizing the risk of unauthorized access.
• - Audit Logging and Reporting: Enhanced audit logging capabilities allow for thorough tracking of activities and compliance checks.
• - High-Level APIs: Developers can leverage predefined workflows for integrating Thales* payShield HSMs, facilitating the secure connection of hardware security modules.
• - Load Balancing: BCSS supports integrated load balancing for cloud, local, and hybrid HSM deployments, optimizing resource usage and performance.

A Seamless Transition to the Cloud

One of the standout features of BCSS is its load-balancing capability, which allows businesses to manage cloud migration seamlessly. As James Torjussen, payShield Product Manager at Thales, notes, “This flexibility enables our joint customers to manage cloud migrations better, shifting capabilities and specific functions smoothly to the cloud without complex application redesigns.” This adaptability helps reduce the time, costs, and risks associated with migration to cloud environments.

Proven Solution for Payment Applications

The BCSS has been rigorously tested through security assessments, making it an ideal choice for companies looking to develop and manage their payment applications independently. Jose Diaz, Vice President of Products and Services at Prime Factors, emphasizes this point, stating that BCSS not only helps companies generate revenue faster but also minimizes risk. It effectively reduces implementation and operational costs over time.

Conclusion

With over 30 years of collaboration between Thales and Prime Factors, the introduction of BCSS marks a natural progression in simplifying payment security infrastructure. This partnership not only strengthens the payment security landscape but also fosters innovation in secure transaction processing. Businesses looking to enhance their payment security capabilities can look forward to the advanced features of BCSS. To learn more about BCSS, visit the official Thales website or consult Prime Factors for technical documentation.

For media inquiries, contact Kyna Reuter at [email protected] or Erik Kingham at [email protected]