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Gemalto supports cloud tokenization requirements for payment transactions

Wednesday 2 December 2015 00:44 CET | News

Gemalto, a digital security provider, has added new standards to its SafeNet Luna EFT (Electronic Funds Transfer) Payment HSM (Hardware Security Module).

The SafeNet Luna EFT device is able to deliver on secure cloud tokenization requirements in order to protect the processing of payment transactions and digitization of credit card credentials.

With the growing popularity of mobile payments and the emergence of new technology such as Host Card Emulation (HCE), new software-based standards have been developed by major payment players to digitize card credentials and enable secure, device-based payment transactions. Banks, card issuers and payment service providers can now deploy the SafeNet Luna EFT Payment HSM and offer customers contactless payment applications that are compliant with these specifications.

Gemalto is a global digital security provider, which helps people trust one another in an increasingly connected digital world. They enable companies and administrations to offer a wide range of trusted and convenient services by securing financial transactions, mobile services, public and private clouds, eHealthcare systems, access to eGovernment services, the internet and internet-of-things and transport ticketing systems.


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Keywords: Gemalto, HCE, tokenization, cloud, security, payment transactions, online security, credit card, mobile payments
Categories: Fraud & Financial Crime
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Countries: World
This article is part of category

Fraud & Financial Crime






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