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Table of Contents

Lead Story

Payments' place in the retail playbook - Part 1

Dale S. Laszig

News

Industry Update

Visa Checkout gains 12 million consumers worldwide

Walmart PINs hopes to Visa debit lawsuit

EPC study takes aim at Durbin supporters

Marketplace lenders form new association

PayPal releases app upgrade only for Apple, Android

Features

CNP Expo spotlights fraud, big data, virtual reality

Observations from Payment Facilitator Day

Banks jump on mobile wallets

Adam Atlas

Selling Prepaid

Virtual gifting: field of possibility

Views

Email-related fraud threats grow

Patti Murphy
ProScribes Inc.

Disruption a hot topic at Transact 16

Brandes Elitch
CrossCheck Inc.

Door-to-door sales, the good old-fashioned way

Steven Feldshuh
Merchants

Education

Street SmartsSM:
MLS rebranding, the discussion continues

John Tucker
1st Capital Loans LLC

It takes more than sales to sustain an ISO

Jeff Fortney
Clearent LLC

Work less and improve your bottom line

Aaron Nasseh
Finical Inc.

Help small merchants avoid MATCH

Sarah Zilenovski
ClearSale

Company Profile

MavensTech Inc

New Products

Comprehensive transaction transport security

TransKrypt Security Server
NewNet Communication Technologies LLC

Next-generation API for vast, underserved market

Digitzs
Digitzs Solutions Inc.

Inspiration

Applying job interview know-how to sales

Departments

Letter from the editors

Reader's Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

June 13, 2016  •  Issue 16:06:01

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New Products

Comprehensive transaction transport security

Product: TransKrypt Security Server

NewNet Communication Technologies LLC, a telecom solutions provider established in 1989 and headquartered in Chicago, added TransKrypt Security Server (TransKrypt) to its NewNet Secure Transaction (NST) suite, a line of payment security systems designed to protect transaction data.

NewNet

NewNet said it has deployed on-site, hosted, cloud and managed global communications solutions to millions of users in more than 90 countries, and its NewNet Secure Transaction Portfolio transports an estimated one out of every five payment transactions.

TransKrypt combines point-to-point encryption (P2PE) with secure host hardware modules (HSMs) to protect transaction sessions between POS devices and transaction processing hosts. Acquirers, processors, financial institutions and network service providers can use the solution to protect data traveling over dial, broadband and mobile networks, the company stated.

"Encrypting cardholder sensitive data and tokenization in transit and at rest is being adopted more than ever, even with the U.S. transitioning to EMV," said Tai-Kei Cheung, President, Secure Transactions at NewNet. "NewNet Secure Transactions offers a format preserving solution that meets and exceeds payments industry guidelines."

Advanced data protection

The growth of mobile and broadband consumption has led to higher transaction volumes; NewNet views advanced data protection as a critical component of network security strategy. POS devices, especially non-SSL [secure sockets layer] dial terminals that transmit cardholder data over public networks, require multilayered security. At minimum, data must be encrypted from card entry and tokenized; device certificates must also be verified. "Basic cardholder data protection is insufficient protection against cyberattacks, and the industry must exceed those requirements," Cheung said. The company affirmed that its TransKrypt Security Server addresses these critical requirements.

TransKrypt's P2PE supports data encryption from POS terminals, reducing the scope of the Payment Card Industry Data Security Standard in the cardholder data environment. P2PE solutions are also required to use secure cryptographic devices such as host HSMs to encrypt and decrypt payment card data and to store and manage cryptographic keys. The TransKrypt HSM is FIPS 140-2 compliant; its physical and logical boundaries are designed to protect cryptographic keys, which are immediately cleared in the event of unauthorized access.

Multilayered security

TransKrypt can be used to generate a base derivation key (BDK) for each acquirer and merchant. Each BDK is stored in the HSM and cannot be retrieved by the system. A BDK can also generate an initial phase encryption key (IPEK) for each POS terminal. POS devices receive each IPEK securely, using each IPEK to generate a unique encryption key to encrypt every payment transaction. Additional security features include:

TransKrypt can be integrated with other NewNet Secure Transaction solutions to securely transport and route encrypted data to and from POS devices and authorization hosts. All systems are equipped with integrated server hardware, HSM hardware, application software and built-in redundancy. Multiple configuration options are available, including customization according to the unique needs of enterprise-scale client organizations, the company stated.

Website: www.newnet.com Contact: traxcominfo@newnet.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | USAePay | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems