Under the terms of the deal, Inversiones Platco is expected to make available Hypercom’s EFTSec point-to-point payment data encryption system to member banks and over 46,000 merchant customers. EFTSec is set to encrypt cardholder data during transaction processing, starting at the payment terminal and ending at a point where the data is decrypted.
Hypercom’s EFTSec is activated by plugging it into an existing Hypercom network infrastructure.
As part of the partnership, Hypercom has teamed up with Venezuelan system integrator PandaID Soluciones, its authorized distributor in the Latin American country.
In recent news, Hypercom has completed the EMV certification of its Artema Modular payment systems and Artema Compact countertop terminals across 49 Dubai Metro stations in the UAE.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now