New York-based payments outfit Cyota and cryptograhic specialist nCipher have announced plans to extend their ongoing relationship and explore new initiatives for secure e-payments solutions.
The companies have upgraded their partnership to a strategic alliance under the nCipher nAble Partner Program and have integrated nCipher's nShield hardware security modules (HSMs) in the Cyota SecureSuite platform to achieve enhanced levels of security, satisfying the Federal Information Processing Standard (FIPS) 140 and improving processing performance.
The Cyota SecureSuite product line is designed to integrate a range of credit and debit card security solutions and provides support for various industry initiatives including Verified by Visa (VbV) and MasterCard SPA and has been deployed to provide support for over 300 million cardholders in North America, Europe and Asia Pacific.
Greg Dunne, senior vice president of North American sales, nCipher, says: "In the future we plan to explore further joint opportunities, for example a MasterCard UCAF validation offering utilising Cyota's SecureMPA software. As a specialist provider of hardware security devices to support a variety of software applications that rely on cryptography it is important that we work closely with the leading software companies in our target markets."