Thales Partners with Prime Factors to Enhance Payment Security Solutions
Thales Partners with Prime Factors to Enhance Payment Security Solutions
In a significant advancement in payment security, Thales has announced its partnership with Prime Factors to offer the Payment Card Security System (BCSS). This collaboration aims to provide businesses with the tools needed to create secure payment applications quickly and efficiently. The integration of BCSS with Thales' payShield hardware security module (HSM) promises improved payment security and compliance management across various platforms.
Todd Moore, Vice President of Data Security Products at Thales, expressed excitement about the capabilities this partnership brings. He noted that BCSS offers a robust application-side infrastructure for payment security, enabling faster development and easier compliance with security mandates. The platform includes pre-configured integrations with Thales' payShield HSM, which simplifies the implementation of hardware security solutions.
The BCSS is designed to enhance developer productivity by providing essential security features out of the box. Among these features are:
- - Strong payment key management and secure storage: This ensures that sensitive payment data remains protected against unauthorized access.
- - Role-based access controls: Enforcing strict permissions that limit access to sensitive functions based on user roles enhances security.
- - Audit logging and reporting capabilities: These features allow organizations to track system activity, aiding in compliance and risk management processes.
- - High-level APIs and ready-to-use workflows: These tools enable swift integration of payShield HSM modules into existing systems.
- - Built-in load balancing for cloud, on-premises, and hybrid HSM deployments: This ensures that resources are utilized efficiently and helps maintain optimal performance levels during high-demand scenarios.
The move towards cloud services has made it clear that BCSS is a key differentiator for Thales' offerings. James Torjussen, Product Manager for payShield at Thales, highlighted how the load balancing and deployment flexibility offered by BCSS allow clients to manage their migrations to the cloud seamlessly. Businesses can move specific capabilities or environments at a pace that suits their operational needs without facing complex application redevelopment challenges. With robust failover features, organizations can reduce migration times, costs, and risks.
Jose Diaz, Vice President of Products and Services at Prime Factors, added that BCSS has successfully undergone security auditor testing for decades, making it an ideal solution for businesses managing their payment applications. He emphasized the system’s role in helping companies reduce risks and costs associated with deployment, ultimately leading to quicker revenue generation.
The partnership between Thales and Prime Factors, built over more than 30 years, signifies a natural evolution of their business relationship. By enabling their trading partners to simplify payment security infrastructures, both companies aim to enhance customer experiences and operational efficiencies.
To learn more about this innovative solution, check out the detailed presentation or visit the Prime Factors website. With the growing demand for secure payment solutions, this collaboration sets a new standard in the industry, ensuring that businesses are equipped to meet the challenges of digital payment security with confidence.
Topics Financial Services & Investing）
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