Elavon ups security with Voltage and Semtek

Source: Voltage Security

Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and a leading global payments provider, has chosen to extend its comprehensive security solutions suite by adapting technologies from Semtek and Voltage Security to include end-to-end encryption capabilities for its acquiring and gateway solutions. Additionally, Elavon has developed advanced tokenization schemes that will allow merchants to securely access card data for future transactions.

Elavon's suite of security solutions supports multiple configurations that are mapped to the business needs, point-of-sale infrastructure and processing environment for merchants from a variety of industries. The adaptation of Semtek's and Voltage Security's encryption technologies further complements Elavon's delivery of secure solutions while providing a single source for all payment solutions — from security to processing, funding and support.

"End-to-end encryption and advanced tokenization are rapidly becoming preferred methods for securing cardholder data," said Stuart C. Harvey Jr., CEO of Elavon. "Additionally, these solutions often help merchants reduce the scope and resources associated with annual PCI audits, allowing them to focus on serving the needs of their customers."

Solutions featuring advanced tokenization and end-to-end encryption with format-preserving capabilities are designed to provide a deeper layer of security to protect cardholder data from its point of entry through to the authorization network, as well as to securely use the information from the card to facilitate future transactions and adjustments.

Elavon's implementation is unique in that it has chosen to deliver both hardware and software-based technologies and stands ready to support additional end-to-end encryption technologies as they mature—allowing merchants to choose the security solution that best fits their needs today and in the future. Elavon understands that there is no single solution to solve the data protection needs of all merchants and offers a comprehensive suite of security solutions and programs that include: PCI compliance support, hosted payment gateways, secure device entry modules, tokenization, end-to-end encryption, security consulting, implementation services, and PCI audit analysis.

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