Hypercom payment terminal receives MasterCard security approval
31 July 2007 | 1761 views | 0
Hypercom Corporation (NYSE: HYC) today announced that its new IP-enabled Optimum T4200 platform has gained approval under MasterCard Worldwide's Payment Terminal Security Program, established to ensure that IP and wireless-based transactions meet the highest levels of security.
Also earning the high security approval are Hypercom's mobile Optimum M4100 (the "Blade") and the Optimum L4100, L4200 and L4250 multi-lane products.
With these latest approvals, all Hypercom countertop, multi-lane and mobile terminals introduced since 2005 meet MasterCard's requirements. Last September, Hypercom's Optimum T4100 countertop terminal became the industry's first payment device to meet MasterCard's rigorous security standards.
To earn MasterCard's approval, the products passed tests demonstrating that they protect transaction and cardholder data exchanged between the terminals and servers that the terminals communicate with, using encryption algorithms approved by MasterCard to guard against attacks such as eavesdropping, traffic injection, or device masquerading. The tests were conducted by an independent, accredited lab recognized by MasterCard. The results were reviewed by MasterCard before the approvals were granted.
The latest MasterCard approvals add to a long list of security designations received by Hypercom's newest Optimum terminals, including PCI approval for secure PIN entry and EMV Level 1 and 2 certifications for secure EMV-compliant smart card use in international markets. All terminals also have built-in security features such as optional privacy shields, Triple DES encryption to protect cardholder PINs, and Hypercom's exclusive RSA-based security infrastructure to prevent the introduction of fraudulent applications or competitor "slamming."
"Merchants around the world can deploy our Optimum terminals with even greater confidence in the integrity of the data that passes through their payment systems," said Gregory Boardman, Vice President, Countertop Products, Hypercom Corporation. "This is yet another competitive advantage for our high-performance Optimum product line."