OpenWay, a global leader in digital payment processing software, today announced the successful integration and compatibility of its WAY4 payment processing platform with the Gemalto SafeNet Payment Hardware Security Module (Luna EFT 2).
This means that processors, card issuers and merchant acquirers that are already using this HSM do not need to invest in additional cryptographic infrastructure when migrating to WAY4.
The Gemalto SafeNet Payment Hardware Security Module’s broad payment security functionality, flexibility and high-end physical and logical security architecture, along with PCI-HSM certification, makes it one of the most comprehensive encryption solutions on the market. It can be used for both in-house and cloud deployments of the WAY4 processing system.
Gemalto’s SafeNet Payment HSM also helps to ensure the security of payment processing environments for credit and debit cards, e-wallets, as well as online and mobile payment applications. To protect contactless mobile payments, it manages the entire cryptographic process from card enrollment and provisioning to tokenization and transaction processing. The solution specifically helps payment providers adhere to EMV security standards on both issuing and acquiring sides.
“As the growth of digital payments, specifically mobile payments, continues to accelerate, solutions that provide security, flexibility and cost savings will be in high demand. We believe that the SafeNet Luna EFT Payment HSM will provide WAY4 users with the scalability and flexibility they require when operating in the fast-moving digital payments market,” said Todd Moore, SVP Encryption Products at Gemalto.
“Seamless security of transactions is on top of mind for our customers. For many years OpenWay has been relying on the skills and expertise of the Gemalto’s payment security team, and now we’ve extended the range of compatible HSM devices with the SafeNet Luna Payment HSM. Our collaboration with Gemalto enables our customers to explore new business opportunities, such as online and mobile payments, in a more secure and cost-efficient way,” said Dmitry Yatskaer, CTO at OpenWay.
WAY4 is an open, omni-channel digital payment and card processing platform. It supports digital wallets, private label and branded card issuing, as well as merchant acquiring, financial switching and channel management. WAY4 is deployed by tier-1 banks and payment processors across the globe. OpenWay has a reputation for innovation, being one of the first in the world to support OEM-wallets, payment schemes tokenization, and the 3-D Secure 2.x protocol.
Gemalto and OpenWay solutions undergo regular audits to meet the requirements of PCI Security Standards Council (PCI-HSM and PA-DSS certificates respectively) and are certified by major international payment schemes.
Contributed | what does this mean?