17 December 2017
visit www.ebaday.com

First Data ships TransArmor eftpos protection unit

01 September 2010  |  7976 views  |  0 card reader

First Data is forecasting 100,000 unit sales by year-end of its new card protection system FirstArmor, which begins shipping to merchants today.

Developed in collaboration with RSA, the TransArmor service replaces consumer card data at the point-of-sale with a token number that preserves the value of card data for merchant business operations but removes all value for fraudsters, says First Data.

The vendor says merchants should be able to significantly reduce the scope, risk and costs associated with Payment Card Industry (PCI) compliance without requiring new hardware or extensive changes to existing business processes.

The product comes with a 'limited warranty' against compromise of the token number in the event it is used to conduct a fraudulent transaction.

The release of the product follows a pilot trial with 150 merchant locations that recorded latency averages of one tenth of a second per transaction, and ease of implementation with existing POS terminals, says First Data.

Pilot user Anna Janise, manager of Breakers Motel, says: "Protecting our customers' payment card data is a priority for our business, but strong security can be a significant challenge to implement. Adding the TransArmor service to our existing point of sale required almost no effort on our part, and didn't impact our business operations."
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

RBS WorldPay promises end-to-end encryption for US merchants

RBS WorldPay promises end-to-end encryption for US merchants

18 August 2010  |  11673 views  |  0 comments
First Data CEO Capellas steps down as firm narrows Q4 losses

First Data CEO Capellas steps down as firm narrows Q4 losses

11 March 2010  |  9541 views  |  0 comments
KKR preps First Data for IPO - FT

KKR preps First Data for IPO - FT

03 August 2009  |  13024 views  |  0 comments
Heartland threatens rivals over PCI compliance claims

Heartland threatens rivals over PCI compliance claims

25 March 2009  |  11583 views  |  0 comments
Breached Heartland looks to end-to-end data encryption

Breached Heartland looks to end-to-end data encryption

27 January 2009  |  10213 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.ebaday.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10616 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10226 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7502 views comments | 9 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7313 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6724 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job