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

Thales Partners with Prime Factors for Payment Security

Thales has announced a significant partnership with Prime Factors to provide their innovative Bank Card Security System (BCSS) within its global distribution framework. This collaboration aims to streamline the development of secure payment applications, enhancing the efficiency and safety of transactions worldwide.

Enhancing Payment Security

The integration of BCSS, a sophisticated software solution, addresses the critical need for effective payment security management. According to Todd Moore, Thales's Vice President of Data Security Products, the solution simplifies the orchestration of payment safety features in custom payment applications, making it easier for businesses to implement robust security measures swiftly and effectively.

BCSS delivers a myriad of security functions straight out of the box, which include:

• - Robust Payment Key Management: Ensures the secure handling and storage of payment data.
• - Role-Based Access Controls: Provides granular permissions that help enforce security compliance.
• - Audit Logging & Reporting: Enables rigorous tracking and documentation of payment transactions for security audits.
• - User-Friendly APIs and Workflows: Facilitates quick integration of hardware security modules (HSMs) with the Thales payShield HSM.
• - Load Balancing Capabilities: Supports efficient distribution of workloads across cloud, on-premises, and hybrid HSM deployments.

This suite of features is designed to accelerate application development timelines, enabling developers to create secure payment systems faster and with fewer resources.

Bridging Cloud Migrations

James Torjussen, Product Manager for payShield at Thales, emphasizes how BCSS stands out as a key differentiator in their offerings. The flexibility of BCSS in managing load balancing functions and deployment options significantly aids joint clients in navigating cloud migrations seamlessly. This flexibility allows businesses to migrate specific functions to the cloud at a manageable pace, avoiding the complexities and costs associated with redeveloping existing applications.

Moreover, BCSS is engineered to ensure robust failover capabilities, which help mitigate operational risks and enhance cost-effectiveness during cloud transitions.

Proven Reliability

With over three decades of security auditing experience, BCSS has proven its resilience and effectiveness across various business environments. Jose Diaz, the Vice President of Products and Services at Prime Factors, highlights its importance for enterprises that build and maintain their payment applications. By reducing implementation expenses and overall cost of ownership, BCSS empowers enterprises to accelerate revenue generation while effectively managing risks.

Given their longstanding collaboration, Prime Factors and Thales are committed to simplifying payment security infrastructures, which aligns with the collective goals of both companies. The integration of BCSS into Thales’s offerings is seen as a natural progression in their shared mission to support channel partners and enterprises alike.

For more technical insights about the solution, interested parties are encouraged to access the solution technical brief or visit Prime Factors' official website for more information.