The integration enables encryption with the option of tokenization from point of card swipe to formatting and routing of data to the financial institution. Merchants will now gain access to a multi-layered security service which eliminates clear-text cardholder data and other sensitive data elements from the retail environment, providing reconciliation and chargebacks.
AJB’s payment processing suite includes Flexible Integrated Payment System (FIPay) and Retail Transaction Switch (RTS). The FIPay application is responsible for integrating the PIN pad device into First Data’s TransArmor service. RTS is a transaction switch which provides authorization for TransArmor transactions.
The TransArmor service is aimed at securing payment card data from the moment it enters the merchant environment throughout the entire transaction. After payment is authorized, sensitive payment card data is replaced with a non-sensitive, random token number that preserves the value of card data for merchant business operations but removes cardholder or transaction information that criminals might find useful.
First Data provides merchants, financial institutions and their customers with payment by debit or credit card, gift card, check or mobile phone, online or at the checkout counter.
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