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Thales to Enhance Banking Security with Prime Factors

Thales, a prominent name in security solutions, has announced its partnership with Prime Factors to offer the Bank Card Security System (BCSS). This collaboration is aimed at facilitating the development of secure payment applications more efficiently. Todd Moore, Vice President of Data Security Products at Thales, elaborated on the initiative, stating that their tools empower clients to implement payment security quickly and effortlessly.

BCSS is a software solution that simplifies payment security orchestration within custom payment applications. Equipped with ready-to-use security functionalities, BCSS accelerates the application development process. It provides robust payment key management, secure storage, granular access controls based on roles, audit logging, and predefined API workflows. These features are designed to significantly reduce the time developers spend on creating secure payment applications.

Moreover, BCSS integrates seamlessly with Thales's payShield Hardware Security Module (HSM), enhancing the overall security infrastructure for payment processing. The payShield HSM serves as a cornerstone for secure transaction processing, and the integration allows businesses to streamline their security requirements effectively.

James Torjussen, Product Manager for payShield at Thales, highlighted the unique advantages of BCSS, especially its load balancing feature and flexibility in deployment. This means customers can manage their migration to cloud environments without intricately redesigning their applications, allowing them to transition at a pace that suits their operational needs. This capability stands out as a significant advantage for businesses looking to leverage cloud technologies while maintaining strict security compliance.

For decades, BCSS has been tested for its security capabilities by various auditors and is considered ideal for companies that develop and manage their payment applications. José Díaz, Vice President of Products and Services at Prime Factors, emphasized that BCSS accelerates revenue generation and mitigates risk while minimizing implementation costs and overall ownership expenses.

The overarching goal of this partnership between Thales and Prime Factors is to simplify the security infrastructure for payment applications. With over 30 years of collaboration under their belt, this latest endeavor marks a natural progression in both companies' commitment to providing robust security solutions that adapt to modern financial environments.

Customers looking for secure and efficient payment solutions can find more technical details and implementations by visiting the official website of Prime Factors.

This strategic partnership not only reinforces Thales's dedication to high-tech security but also positions both companies as leaders in the rapidly evolving landscape of financial technology and payment security solutions.