Gemalto helps banks and payment providers simplify and streamline encryption operations

(Thomson Reuters ONE) -



New SafeNet Luna EFT Payment HSM partitioning capability allows firms to secure
a wide range of payment and transaction applications with a single Hardware
Security Module

Amsterdam, September 26, 2017- Gemalto (Euronext NL0000400653 GTO), the world
leader in digital security, announced the launch of the industry's first payment
hardware security module (HSM) to include partitioning as an advanced security
feature. This new capability allows financial services organizations to simplify
cryptographic operations by using a single HSM to support dozens of security
applications and protect sensitive payment information and transactions.

Today, bank and financial services firms are using encryption to protect a
growing number of digital services and new transaction types such as cloud-based
and peer-to-peer payments. Typically, these organizations have deployed an
individual HSM to secure each individual payment operation or transaction
application. While necessary to meet stringent security requirements, adding
more HSMs can increase the complexity of cryptographic infrastructure and
operations. The new partitioning capability of Gemalto's SafeNet Luna EFT
Payment HSM solves this challenge with a single HSM platform that can be
separated into multiple virtual HSMs to provide the scalability financial
services firms require today.

Each partition functions as an independent HSM meaning financial institutions
can encrypt more data and protect a wider range of financial transactions
without having to deploy multiple HSMs. Partitioning offers financial
organizations a tremendous amount of flexibility to move keys in and out of the
cloud environment, maintain control and ownership of their encryption keys and
run more cloud-based payment applications under one HSM.

"While the cloud brings endless opportunities for faster convenient banking and

payments, the challenge remains around security," said Rob Westervelt, Analyst
at IDC. "It's especially important with the rise of mobile payments and cloud-
enablement technology like host-card emulation (HCE) to implement a strong data
security strategy with end-to-end encryption. Hardware Security Modules
underlying security brings trust to these new types of transactions and
payments."

"Gemalto has a long history of enabling and securing payments from credit cards
to mobile devices and our SafeNet HSM has a proven track record of protecting
over $1 trillion transactions worldwide every day," said Todd Moore, Senior Vice
President for Encryption Products at Gemalto. "By adding partitioning to the
SafeNet Payment HSM, we are enabling our customers to reduce hardware, improve
cloud usability, and decrease transaction processing times all while maintaining
the same level of security required by the financial industry."

With Gemalto's SafeNet Luna EFT Payment HSM, one of the most scalable encryption
solutions on the market, Gemalto's SafeNet Luna EFT Payment HSM helps banks:
* Reduce PCI-DSS compliance scope by using end-to-end encryption of payment
data, stored online, captured at the point-of-sale, or traveling to and from
the financial institution's backend
* Manage large volumes of cryptographic security functions simultaneously to
secure the growing number of online, peer-to-peer and mobile payment
transactions
* Take advantage of Host Card Emulation (HCE) based contactless payments by
securing the enrollment, provisioning, and tokenization process of payment
card credentials and operations
* Access and integrate with a wider range of point of sale (POS) terminals
through Gemalto's extensive partner network
* Scale transactional processing for faster authorization speeds in the cloud
and credit, debit, e-wallet and chip cards while meeting FIPS 140-2 Level 3
and PCI-HSM 2.0 standard

Related resources:

Learn more about Hardware Security Modules

Learn more about the SafeNet Luna EFT Payment Hardware Security Module

Download Complying with the Payment Card Industry Data Security Standard
whitepaper



About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2016 annual revenues of ?3.1 billion and customers in over 180 countries.
We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, our technologies and services
enable businesses and governments to authenticate identities and protect data so
they stay safe and enable services in personal devices, connected objects, the
cloud and in between.

Gemalto's solutions are at the heart of modern life, from payment to enterprise
security and the internet of things. We authenticate people, transactions and
objects, encrypt data and create value for software - enabling our clients to
deliver secure digital services for billions of individuals and things.

Our 15,000+ employees operate out of 112 offices, 43 personalization and data
centers, and 30 research and software development centers located in 48
countries.

For more information visit www.gemalto.com, or follow (at)gemalto on Twitter.



Gemalto media contacts:



Philippe Benitez Kristel Teyras Shintaro Suzuki
Americas Europe Middle East & Asia Pacific
+1 512 257 3869 Africa +65 6317 8266
philippe.benitez(at)gemalto.com +33 1 55 01 57 89 shintaro.suzuki(at)gemalto.com
kristel.teyras(at)gemalto.com




Press release (PDF):
http://hugin.info/159293/R/2136647/817680.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Gemalto via GlobeNewswire

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Datum: 26.09.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 561192
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