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Hypercom Steps Up Payment Card Industry's Attack on Card Data Fraud to Protect Businesses Globally.

Article Excerpt
Hypercom Corporation (NYSE: HYC) announced key initiatives to step up the payment card industry's ability to attack payment card data fraud. Effective immediately, the Company is bringing its Asia-Pacific-based EFTSec Server™ payment data encryption technology to North America, Latin America and Europe, teaming with Voltage Security, Inc. to deliver highly innovative and scalable cryptographic technology, and forming a global data protection business unit to address customer-specific security threats with five key approaches to data security.

"We are bringing to market innovative and highly adaptable security solutions that can meet each of our customer's individual implementation requirements and technology choices to protect cardholder data and preserve cardholder trust in the integrity of the electronic payments system," said Philippe Tartavull, Chief Executive Officer and President, Hypercom Corporation. "Banks, processors, retailers and consumers will not tolerate endless attacks and incessant expenditures on card data security. Just as the threats are multi-faceted, so too must be the security approaches to counter these threats." Delivers Five Key Components Required to Protect Payment Card Data End-to-End Payment Data Protection: Hypercom believes end-to-end payment data protection encompasses protecting data throughout its lifecycle-not only encrypting it when in transit but also when...