The Logic Group point-to-point encryption app achieves PCI accreditation

Source: The Logic Group

The Logic Group, UK's leading Payment Service Provider, today announced that its Point to Point Encryption (P2PE) application, Solve DataShield, is the first in the world to be accredited by the Payments Card Industry Security Standards Council.

As the first Provider to receive this accreditation, The Logic Group builds on its success in enabling merchants to significantly improve the security across all their channels.

A front runner in the provision of innovative payment solutions, with a track record of leadership in PCI compliance, The Logic Group continues to drive and influence the payment service industry. It provides its clients with a long term partnership commitment and the benefit of over a decade of PCI market expertise, including:

• 2006 - Europe's first multichannel PCI DSS compliant managed service
• 2012 - Solve Centurion payment authorisation and settlement platform achieves Payment Application Data Security Standard (PA DSS) certification
• 2013 - The World's first accredited PCI P2PE application

Gareth Wokes, Executive Chairman at The Logic Group, said: "The Logic Group has made a significant investment in developing our P2PE capability, reinforcing our commitment to the market and our customers to deliver innovative payment products and services. The PCI P2PE application accreditation is yet another milestone as a trusted Payment Service Provider."
PCI P2PE accredited Solve DataShield encrypts cardholder data within the PIN Entry Device's secure processor before passing it across a merchant's estate for onward processing of the payment. The application forms part of a simple 'out of the box' solution that self-activates as soon as the card device is connected to the merchant's Point-of-Sale terminal. It removes the need for manual activation and all sensitive cardholder data from the merchant's network.

In so doing, Solve DataShield can help eliminate fraud exposure and, when used as part of a PCI-listed P2PE solution reduces a merchant's PCI DSS compliance requirements. The cost of PCI compliance for a Tier-1 merchant can be significant, often requiring a multi-million pound investment. With The Logic Group's solution, merchants can significantly reduce risk and the he overall cost of compliance.

Comments: (0)